Monday, August 10, 2009

The Blood Funnel

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.

By now, most of us know the major players. As George Bush's last
Treasury secretary, former Goldman CEO Henry Paulson was the
architect of the bailout, a suspiciously self-serving plan to
funnel trillions of Your Dollars to a handful of his old friends on
Wall Street. Robert Rubin, Bill Clinton's former Treasury
secretary, spent 26 years at Goldman before becoming chairman of
Citigroup — which in turn got a $300 billion taxpayer bailout
from Paulson.

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