This article recently published on Rolling Stone is a must read for anyone interested in understanding Goldman Sachs involvement in the current financial crisis sweeping the globe:
The first thing you need to know about Goldman Sachs is that it’s everywhere. 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. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.
The article clearly exposes Goldman Sachs’ responsability in the global financial crisis:
If you want to understand how we got into this financial crisis, you have to first understand where all the money went – and in order to understand that, you need to understand what Goldman has already gotten away with. It is a history exactly five bubbles long – including last year’s strange and seemingly inexplicable spike in the price of oil. There were a lot of losers in each of those bubbles, and in the bailout that followed. But Goldman wasn’t one of them.
Goldman Sachs gets exposed as a major player in the following bubbles:
BUBBLE #1 – THE GREAT DEPRESSION
BUBBLE #2 – TECH STOCKS
BUBBLE #3 – THE HOUSING CRAZE
BUBBLE #4 – $4 A GALLON
BUBBLE #5 – RIGGING THE BAILOUT
BUBBLE #6 – GLOBAL WARMING
Unfortunately, the complexity of the events make this “truth” beyond the common people’s knowledge. So while Bernard Madoff gets 150 years in prison, Goldman Sachs get billions in taxpayers money!
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