Matt Taibbi on Goldman Sachs
Matt Taibbi is the greatest who has ever been. That’s just a given. In the latest issue of Rolling Stone he explains how Goldman Sachs might as well be our government, for all intents and purposes. I’ll be honest, I wanted it to be more engrossing than it was. But I think I just zone out when people start talking about financial matters. However, Taibbi is probably the funniest living political writer, and how can you resist an article that includes gems like this:
In fact, at least $13 billion of the taxpayer money given to AIG in the bailout ultimately went to Goldman, meaning that the bank made out on the housing bubble twice: It fucked the investors who bought their horseshit CDOS by betting against its own crappy product, then it turned around and fucked the taxpayer by making him pay off those same bets.
Unfortunately, the entire article is not online, which is 90% of the reason I still subscribe to Rolling Stone (the other 10% is because of their stellar Jonas Brothers reporting). You can read excerpts here, or you can stop being a cheapskate and just buy the damn thing.
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