We know that usually the majority of the thousands of you visiting this site, read what we cut and past and then leave. You don’t read the articles or the books. It’s a real shame because the stuff we link to is pretty damn good stuff. Espcecially mine. DD and Nemski, well….
So my challenge is to see if you will read these 2 articles. One from the the New York Magazine about Goldman Sachs. It’s 8 pages and it has big words. Most likely David A, M. Protack, Tom. S and the myriad of merry men that defend CRI won’t read it and continue to display their stupidity. I can’t leave out rwr or Mike w. they are in a class of their own. At least Mike w can be excused as he is still in diapers and slowly being weened off his ba-bah.
but for the rest of you, take the 20 minutes to crank this baby out.
Thirty floors up in the black-tinted box that is Goldman Sachs headquarters on 85 Broad Street, there is a whiff of panic in the air. The Goldman of legend—pillar of the free market, breeder of super-citizens, object of envy and awe—has vanished. Ever since the bank crossed paths with U.S. taxpayers, getting saved with at least $10 billion in government aid last year and then parlaying that into $5.1 billion in profits in 2009 (so far), the firm has been seen as the ugly essence of capitalism at its most cynical—by Washington, by the public, by the financial press, even by some of its clients. Stalwart voices of Wall Street like the Financial Times and The Wall Street Journal have criticized the firm’s undue influence on government and its ruthless pursuit of risky profits. Venom is flowing from more unlikely quarters as well: A recent Rolling Stone article called Goldman “a great vampire squid wrapped around the face of humanity” and accused it of rigging every major market bubble since the Great Depression.
then for desert read Matt Taibbi’s slam dunk on them:
The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
Not a bad 2nd sentence