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Balloon Juice —
... Go about your business. Also, new Taibbi post about Goldman. Of course, everything he says is technically true, but collectively nonsense. ...
Even the Wall Street Journal Hates Goldman Now
MoJo Blog Posts: mojo —
... Does the Obama administration have the political will to break up financial giants? If the government's continuing transfer of wealth from ordinary taxpayers to Goldman partners is any indication, probably not. ...
Required Reading
Rising Hegemon —
Did you read this? And read this followup? And watch this? If not, what are you waiting for? Test tomorrow, people! ...
Banks continue to record billions in profits
The Reaction —
... so much if the money made was being pumped back into the economy. The point of all the rescuing was to first stabilize the banking system, then to energize the economy, in part, by loaning out the money made. Instead they hoarded, they padded their balance sheets, and they covered over their toxic losses with new math. ...
Morning Skim: Clinton's Role, a Message to the NAACP and More
The Opinionator —
... confirmation hearing.” Republicans might have hoped to use this hearing to put limits on how far the President can safely go in picking liberals for future openings. Instead, they showcased just how narrow and out of touch their political base has become. It is stunning that the GOP did not learn this lesson in the election of Barack Obama. Until Republicans get past calling 1-800-HATE there will be fewer and fewer voters on the other end of the line. True/Slant : Matt Taibbi asks, “ So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong ...
Peter Daou: Obama and the Goldman Fiasco: Is This America Under Democratic Leadership?
Politics on HuffingtonPost.com —
... the kind of America I envisioned under Democratic leadership.
One of the worst traits of the Bush years was the unending rationalization of his actions by the right. With Democrats in power, I'd like to believe that progressives will avoid that kind of blind cheerleading and act as a firm check on the White House and Congress.
Regarding Goldman Sachs, I'll leave it to others more eloquent and knowledgeable than I to describe the firm's heinous behavior:
Matt Taibbi:
So what's wrong with Goldman posting $3.44 billion in second-quarter ...
SS & Medicare Are "Parochial Considerations," But Halliburton Pork & Goldman Bailouts Aren't?
Open Left - Front Page —
... We can thank Seib for putting it so plainly. Evidently, Congress isn't giving into "parochial considerations" when it hands Goldman Sachs billions of dollars to fund the company's executive bonuses. Apparently, there's no "parochial considerations" at work when a ...
David Sirota: "Parochial Considerations"
Politics on HuffingtonPost.com —
... We can thank Seib for putting it so plainly. Evidently, Congress isn't giving into "parochial considerations" when it hands Goldman Sachs billions of dollars to fund the company's executive bonuses. Apparently, there's no "parochial considerations" at work when a ...
It's Not a "Free Market" System When Taxpayers Are Financing the Profits
Open Left - Front Page —
... As Matt Taibbi noted a full week before Obama's press conference, "this is not free-market earnings but an almost pure state subsidy." In a TrueSlant article that followed his original Rolling Stone gem, he breaks down all the subsidies and handouts the financial industry engineered for itself outside of just the TARP bailout. He concludes: ...
It's Not a 'Free Market' System When Taxpayers Are Financing the Profits
Commondreams.org Views —
... so if you're profitable in the free market system then you benefit ." (emphasis added) Yeah, sure - economically speaking, it's a great thing when a business makes a product or delivers a service and is able to make a profit from that endeavor in a free, unsubsidized market. However, that's not what's going on in the financial industry...at all. As Matt Taibbi noted a full week before Obama's press conference, "this is not free-market earnings but an almost pure state subsidy." In a TrueSlant article that followed his original Rolling Stone gem, he breaks down all the ...
David Sirota: It's Not a "Free Market" System When Taxpayers Are Financing the Profits
Politics on HuffingtonPost.com —
... As Matt Taibbi noted a full week before Obama's press conference, "this is not free-market earnings but an almost pure state subsidy." In a TrueSlant article that followed his original Rolling Stone gem, he breaks down all the subsidies and handouts the financial industry engineered for itself outside of just the TARP bailout. He concludes: ...
