Democracy Now!
July 15, 2009
As Goldman Sachs Posts Record Profits, Matt Taibbi Probes Role of Investment Giant in US Financial Meltdown
Goldman Sachs, the nation’s most powerful financial company, has reported the richest quarterly profit in its 140-year history: $3.44 billion between April and June. Goldman’s record profits come just one month after it repaid $10 billion of TARP money to the US Treasury, freeing itself from restrictions on year-end bonuses. We speak to Matt Taibbi, whose new Rolling Stone article argues that “Goldman Sachs has engineered every major market manipulation since the Great Depression.” [includes rush transcript]
Guest:
Matt Taibbi, Contributing editor for Rolling Stone Magazine. His latest article is The Great American Bubble Machine.
see
American Economy: The Eye of the Storm by Josh Sidman
There is no economy left to recover By Paul Craig Roberts
Crystal Ball Gazing – The Future Is Deflation By Mike Whitney
Dandelion Salad 
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I really hope people watch this…
The triumph of finance capital, voted in on a wink and a dream.
Have fun in your stimulused ‘infrastructure’ jobs (If they even happen) ~ Hope ya’ll joined the Asphault Workers Union or yer bailout’s gonna be the Crawford road-side chain-gang in July.
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Three jeers. We rescued the devil from hell. Good for us, exactly what this nation deserves.
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