The criminal, anti-democratic racket described in this NYT article is just the latest blatant display of greedy Wall Street manipulation of the global economy.
Dean Baker has a great summary of Goldman Sachs’ “savvy” track record in this Guardian/UK article. And don’t forget Matt Taibbi’s mind-boggling portrait in Rolling Stone of Goldman Sachs profiting from one self-created economic bubble after the other. And it was the finance industry who gave Scott Brown a big last-minute send-off to Washington, signaling their equal opportunity approach to looting.
I’m starting to think that a focus on unearthing the dirt behind Goldman Sachs and its political influence might shine some daylight on the criminal convergence of politics and economics at the start of the 21st century.
Continue reading Obama praises a criminal racket as savvy, puts them in his Administration