The Phoenix Network:
 
 
Sign Up  |   About  |   Advertise
Moonsigns  |  Band Guide  |  Blogs  |  In Pictures
 
WFNX_1000x50g

Goldman Sachs takes even more of Americans' money

Today's New York Times includes a short story (prominently featured online at 9 am) trumpeting the "big profit" Goldman Sachs is reporting. The NYT notes that some analysts may see this as a sign of a recovering economy.

But read in the context of Matt Taibbi's recent Rolling Stone expose of the decades of profiteering at Goldman Sachs, in which the company has taken money from all Americans over the course of the last five or six economic crashes, it looks more like GS has just taken us for yet another ride, thanks to its friends throughout the financial industry, government, and "independent" financial regulatory organizations.

(Taibbi is, of course, a Phoenix contributor as well, so we like him. But even if he weren't, we'd be lauding his excellent digging, synthesis, and analysis of the means by which the American public - and our public treasury - have been raided by Goldman and its minions for years.)

 

| More
ADVERTISEMENT
 Friends' Activity   Popular 
All Blogs
Follow the Phoenix
  • newsletter
  • twitter
  • facebook
  • youtube
  • rss
ADVERTISEMENT
Latest Comments
ADVERTISEMENT
Search Blogs
 
Phlog Archives
Saturday, May 26, 2012  |  Sign In  |  Register
 
TODAY'S FEATURED ADVERTISERS
thePhoenix.com
Phoenix Media/Communications Group
Copyright © 2012 The Phoenix Media/Communications Group