j_b Posted July 6, 2009 Author Share Posted July 6, 2009 The Great American Bubble Machine Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet. The Great American Bubble Machine Quote Link to comment Share on other sites More sharing options...
Bosterson Posted July 6, 2009 Share Posted July 6, 2009 (edited) extreme-left leanings You're just jealous because your political views are only "exreme:" [img:left]http://omgwtfwyt.files.wordpress.com/2009/03/fail-owned-extreme-fail.jpg[/img] Edited July 6, 2009 by Bosterson Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 extreme-left leanings You're just jealous because your political views are only "exreme:" [img:left]http://omgwtfwyt.files.wordpress.com/2009/03/fail-owned-extreme-fail.jpg[/img] thanks a lot, mr. spellchecker. Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Aren't you tired of continuously making an ass of yourself in public? Quote Link to comment Share on other sites More sharing options...
Bosterson Posted July 6, 2009 Share Posted July 6, 2009 thanks a lot, mr. spellchecker. You didn't spell it wrong - I'm actually making fun of your extreme-right political views. Sorry for the confusion. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 thanks a lot, mr. spellchecker. You didn't spell it wrong - I'm actually making fun of your extreme-right political views. Sorry for the confusion. you have no clue what my views are, assface. now go lick sack Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 Aren't you tired of continuously making an ass of yourself in public? speaking of making an ass of oneself, I'm reminded of you publicly "retiring" from cc.com then coming back and posting your inane political drivel multiple times a day. just curious - in between your top-notch investigative reporting efforts into the "failings of (unfettered, LOL) capitalism", do you actually climb anything? Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Now, that was profound. How many big words do you know beside 'commie', 'assface',' go lick sack', huh? Quote Link to comment Share on other sites More sharing options...
Bosterson Posted July 6, 2009 Share Posted July 6, 2009 you have no clue what my views are, assface. now go lick sack Seriously, about the haircut... Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 you have no clue what my views are, assface. now go lick sack Seriously, about the haircut... venture out of spray and read a tr. or go read k-bone's lame 5K thread. dumbass. Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Aren't you tired of continuously making an ass of yourself in public? speaking of making an ass of oneself, I'm reminded of you publicly "retiring" from cc.com then coming back and posting your inane political drivel multiple times a day. just curious - in between your top-notch investigative reporting efforts into the "failings of (unfettered, LOL) capitalism", do you actually climb anything? Wow, I am overwhelmed by your argumentation, per usual. Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 I mean, aren't you embarassed when you meet people who know your internet personna? Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 Aren't you tired of continuously making an ass of yourself in public? speaking of making an ass of oneself, I'm reminded of you publicly "retiring" from cc.com then coming back and posting your inane political drivel multiple times a day. just curious - in between your top-notch investigative reporting efforts into the "failings of (unfettered, LOL) capitalism", do you actually climb anything? Wow, I am overwhelmed by your argumentation, per usual. And speaking of "argumentation", your modus operandi is to simply bitch and whine about how "bad" everything is. Here's a news flash - the world is imperfect and unfair and always will be. But, you and your left-wing puke twin Prole are never happy about, or satisfied with anything, overblowing the negative with and ignoring the positives or the tradeoffs made to have what we have positive. The status quo, no matter what it is, is always horribly wrong (wring hands, go into hysterics) and we are all doomed or soon headed for a socio-economic and political collapse. Nice way to live your life, Chicken Little. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 I mean, aren't you embarassed when you meet people who know your internet personna? Nope. Do you ever actually meet anyone, btw? Or are you permanently sequestered in your left-wing doomsday bunker, waiting for the imminent revolution? Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Can you cite one thing I have been wrong about in the last 6 years I have posted here? Quote Link to comment Share on other sites More sharing options...
Bosterson Posted July 6, 2009 Share Posted July 6, 2009 venture out of spray and read a tr. or go read k-bone's lame 5K thread. dumbass. Why? Is it only ok to razz people when you're the one doing it? I would engage you about how you're reacting to John Bachar's death (which was the first thing I read here this morning, in the climbing forum, "dumbass"), but then you'd probably tell me to "venture out of spray" if I want to talk about climbing! Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 I mean, aren't you embarassed when you meet people who know your internet personna? Nope. Do you ever actually meet anyone, btw? Or are you permanently sequestered in your left-wing doomsday bunker, waiting for the imminent revolution? See, I talk about your posts and the way they make you appear, and in response you speculate about my person. Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 Why? Is it only ok to razz people when you're the one doing it? because you'd see what my haircut is. duh. raz on dude, I don't have a personal problem with you. Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Can you cite one thing I have been wrong about in the last 6 years I have posted here? ... Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 6, 2009 Share Posted July 6, 2009 Can you cite one thing I have been wrong about in the last 6 years I have posted here? ... everything you post is myopic, twisted, and delusional Quote Link to comment Share on other sites More sharing options...
j_b Posted July 6, 2009 Author Share Posted July 6, 2009 Nice dodge but like what, for example? or is "go lick sack" the full extent of your argumentation? Quote Link to comment Share on other sites More sharing options...
billcoe Posted July 7, 2009 Share Posted July 7, 2009 Nice dodge but like what, for example? or is "go lick sack" the full extent of your argumentation? LOL! Quote Link to comment Share on other sites More sharing options...
j_b Posted July 7, 2009 Author Share Posted July 7, 2009 Banks own the US government Dean Baker The Guardian Last month, when the US Congress failed to pass a bankruptcy reform measure that would have allowed home mortgages to be modified in bankruptcy, senator Dick Durbin succinctly commented: "The banks own the place." That seems pretty clear. After all, it was the banks' greed that fed the housing bubble with loony loans that were guaranteed to go bad. Of course the finance guys also made a fortune guaranteeing the loans that were guaranteed to go bad (ie AIG), and when everything went bust, the taxpayers got handed the bill. The cost of the bailout will certainly be in the hundreds of billions, if not more than $1tn when it is all over. More importantly, we are looking at the most severe economic downturn since the Great Depression. The cumulative lost output over the years 2008-2012 will almost certainly exceed $5tn. That comes to more than $60,000 for an average family of four. This is the price that we are paying for the bankers' greed, coupled with incredible incompetence and/or corruption from our regulators. Under these circumstances, it would be reasonable to think that the bankers would be keeping a low profile for a while. That's not the way it works in Washington. The banks are aggressively pushing their case in Congress and Obama administration. Not only are we not going to see bankruptcy reform, but any financial reform package that gets through Congress will probably contain enough loopholes that it will be almost useless. [...] More: http://www.guardian.co.uk/commentisfree/cifamerica/2009/jun/30/congress-financial-reform-banks Just to save time to our resident knuckle draggers, I thought I'd insert the content of their most likely contribution (99% probability): commie, ass-face, go lick sack, LOL, welfare recipient, get a job hippie, socialist, whiner, left-wing puke, never-happy type, chicken little, NO it isn't true!, FREEEEEDOM, I think that pretty much covers it but let me know if I forgot anything. Quote Link to comment Share on other sites More sharing options...
ivan Posted July 7, 2009 Share Posted July 7, 2009 ... thinks he knows how the world works. wait, the world works? say what you will about the current system, but the age-old reality of power struggles can never go away, just change form - the rich have always fucked the poor, and each other, to maintain their position, and the poor won't miss a beat to do the same themeselves - modern debt slavery, though now based on shiny pieces of modern plastic, still has its moorings in the ancient past - none of this will change, unless we kill everybody in the world - the modern system has its huge flaws, but do you really think the avergae man was better off a 1000 years ago? do you really think we hairless monkeys are capable of casting off all of ancestral baggage and creating a utopian society? fuck it, i'm going to 7/11 and buying some nachos - on credit Quote Link to comment Share on other sites More sharing options...
KaskadskyjKozak Posted July 7, 2009 Share Posted July 7, 2009 say what you will about the current system, but the age-old reality of power struggles can never go away, just change form - the rich have always fucked the poor, and each other, to maintain their position, and the poor won't miss a beat to do the same themeselves - modern debt slavery, though now based on shiny pieces of modern plastic, still has its moorings in the ancient past - none of this will change, unless we kill everybody in the world - the modern system has its huge flaws, but do you really think the avergae man was better off a 1000 years ago? do you really think we hairless monkeys are capable of casting off all of ancestral baggage and creating a utopian society? Amen, brother. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.