I find it ironic that there’s an ‘ad’ posted alongside asking, “Who’s to blame,” and then offering up Bush, Obama or Pelosi.

Why not Wall Street?

Why not John Q. Public?

Ole is quick to point out the blame game played too often in politics; it would appear he does so with some justification.

I read the article on the recommendation of a friend. I am wondering how many other Wall Street firms followed GS strategy. Ironically GS announced today a 3.4 Billion 2nd qtr profit.

This article is foolish nonsense. I am surprised the he didn’t find some way of pinning the Tulip bubble on Goldman. It’s sad that folks are so beaten down and disaffected that they need someone or something to blame. It would be funny to think that some people are persitent in this kind of comic book mentality if there were not real consequences to such a misguided perspective. I find it ironic that a person who probably enjoys a life of relative privlige can make a living propagating distrust of the the very system that props him up. Goldman Sachs, and other less notable players, are a necessary condition for the investment infrastructure that makes our civilization possible. What use is Matt Taibbi in a civilization that lacks the means to support a population as given to leisure as our own? Anyway, this article was crap. I wasn’t going to bother commenting, but insofar as DD invoked a previous line of discussion we’d had, I thought I’d speak up.

dd,
because John Q public’s influence on wall street is about as great as a the damage done to an elephant’s arse by a flea. Won’t do any harm as bad as the huge banks moving money around via computer. The fat cats got fatter and us crumbums are scrambling for fewer crumbs… welcome to freedom… freedom to rip off a bunch of workers about to retire. Sharpen the guillotine boys, otherwise, the next slice of the pie will get even smaller.

We should consider the necessity of financial services in their current form. Many of the “products” that created our current economic crisis were created more to wrack up fees that provide any needed service. I will never trust the smoke-and-mirrors of these parasites again. They are a clear and present danger. Americans should eschew their siren song and press their elected reps to rein in these rapacious con men. The wealthiest 1 percent have gobbled up more and more of the national treasure at an accellerating pace since Reagan was elected. Dick Durbin is correct: the bankers own the Congress, and, by default, us. The financial services sector has artificially exploded as a component of our economy. It’s time to turn it around and begin to phase out the trillion-dollar pit bosses. The financial sector is a cesspool that will bubble over again unless swife and meaningful reforms are forthcoming.

Pippster, the easiest way to do that:

No credit cards
No loans

Yes, life that way IS possible……..

Cash and Carry

Finally got the opportunity to read the entire piece.
Kudos Matt.
A fantastic piece of work once again.
Give that man the country’s highest civilian award… or better yet, give him something that actually has some meaning, they give that medal to anyone these days… see Paul Bremmer.

A Peabody and a huge check would be nice. It may even help fund some more awesome investigative work.

Got some video that might be worthwhile exposing police abuse of authority in the last two weeks, you might want to scoop the written piece.

Peace, keep the sanity wave going.