Check out Matt Taibi’s blog on the aftermath of his piece in Rolling Stone. Here’s a snippet, but read the whole thing. Goldman Sachs, Rapes and Pillages’ obfuscation is incredible – to say the least:
Actually I did contact Goldman and gave the bank every opportunity to respond to the factual issues in the article. I’m bringing this up because their decision not to comment on any of those questions was actually pretty interesting.
So what I decided to do the first time I approached them was to send a short list of simple factual questions.
I intentionally put a lot of yes/no questions on that list. If the underlying thinking behind any of those questions was faulty, it would have been easy enough for them to say so and to educate us as to the truth. Instead, here is the response that we got:
“Your questions are couched in such a way that presupposes the conclusions and suggests the people you spoke with have an agenda or do not fully understand the issues.”
From WSJ:
Financial stocks also helped to inspire a late burst in the S&P 500-stock index, which advanced 8.37 points, or 1%, to 851.92. Credit-card issuer Capital One Financial soared 18%, and banks like Wells Fargo and PNC Financial Services, which rose 11% and 7.5%, respectively, also surged.
Swamp Report figures its the advance information Mr. Geithner gives to Goldman Sachs, which in turn trades for its own account… The information must be good, like, “the stress tests were really tough, but we think all the banks are in fine shape to withstand an economy that will rebound next quarter.”
Market Watch has a sad but true story by Paul Farrell listing the evidence demonstrating that the banks are running the show:
‘But in real life, Hank, Goldman and Wall Street’s mercenaries are winning the war. Read and weep Portfolio’s chilling finale: ”
GOP or Dems? Conservatives or liberals? It doesn’t matter. We’ll all controlled by “The Conspiracy.” So why not surrender, let them have the power? The truth is, through their lobbyists and surrogates in Washington, they already rule America. Surrender is a mere formality.”
