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The People Vs. Goldman Sachs - Matt Taibbi

Business  (tags: The People vs. Goldman Sachs, Sen. Carl Levin -D MI, Sen. Tom Coburn -R OK, bipartisan report, Sen Subcommittee on Investigations, Financial Crisis: Anatomy of a Financial, Lloyd Blankfein, Wall Street, prosecution, financial crisis 2008 )

- 2657 days ago -
They had stolen more money than most people can rationally conceive of, from their own customers. Then they took an oath before Congress, and they lied. A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

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Judy C (90)
Thursday May 12, 2011, 3:04 am
This article is a must-read! This is The People's chance to understand the scope of the outrageous illegal and arrogant behavior of Wall Street. We need to demand justice. We are all suffering the effects of this outrage, and these perpetrators should pay.

Simone Duffin (1462)
Thursday May 12, 2011, 3:15 am

Thank you Judy

Past Member (0)
Thursday May 12, 2011, 8:35 am
Noted, thanks Judy. Strange how justice never meets up with the wealthy and powerful. This must change!

Amena Andersson (187)
Thursday May 12, 2011, 3:17 pm
I would like to see each of them bent over someone's knee, receiving a bare bottom spanking, publicly; then sent to prison for a long time. Oh, and all their money would go to the poor.

Alicia N (87)
Thursday May 12, 2011, 11:09 pm
Money eaters booooooooooooo!!!!!!!!!!

Roger G (148)
Friday May 13, 2011, 1:25 am
time to lock them up and loose the key !

Koty Lapid (982)
Friday May 13, 2011, 9:00 am
noted and waiting for the result

. (0)
Friday May 13, 2011, 10:15 am
noted with total disgust!

wendi huffman (4)
Friday May 13, 2011, 1:26 pm
noted & thanks for sharing!

Bonnie B (103)
Friday May 13, 2011, 1:35 pm
Noted and shared on Facebook, thank you for posting this, Judy! Boy, wouldn't we love to see these guys stripped of their wealth and meeting Big Bubba in a federal pen! This better go for prosecution! The worst is the arrogance of these men!

Bonnie B (103)
Friday May 13, 2011, 1:42 pm
I hope everyone also went to the story "the great vampire squid"

Here's an excerpt: The bank's unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere high gas prices, rising consumer credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth pure profit for rich individuals.

Friday May 13, 2011, 2:06 pm
Isn't the justice dept. appointed by and under the control of the president? Didn't Goldman Sach's give more compaign money to Obama, $900,000, than to any candidate in history? The sun will stop rising before the justice department brings charges against Goldman Sach's. Just sit back as the corporate media misdirects a totally misguided public with Oaama Bin Laden and other terrorist nonsense.

Mary Donnelly (47)
Friday May 13, 2011, 2:48 pm
Thanks Judy--great post.

Ronald N (3)
Saturday May 14, 2011, 12:07 am
Judy, I love Taibbi's writings. He simply goes for the heart of the issue. Yes it was a plunder, but why do those within the legal circles say that those of Goldman Sachs plundered, legally. Truly we are living in bizarre times. Madoff was thrown in jail for his Ponzi schemes but Goldman Sachs so far has gotten off Scott free for no less of a deception. Where do we draw the line between legal and illegal?

Edward M (8)
Saturday May 14, 2011, 7:38 am
Why does it take so long to get the obvious through to you Americans?
You, the people, just don't matter in the slightest to the likes of Goldman Sachs, along with the rest of the unaccountable corporations; in any way, this will continue to be the case whilst you continue supporting the rotten, corrupt system that is now running your Country.
Do nothing about it? Then put up with it.........................
and that's exactly what we are doing here in the UK, but we do have our disabled fellow citizens, who are now showing us up, the pathetic, stay at home and moan, abled-bodied individuals, by getting out and doing something instead of just feeling sorry for ourselves.
A lot more Americans getting out on the streets, in all the States, would make your elected representatives sit up and start taking notice; they won't, however, change the system because it well suits them to leave it as it is, giving them a lifestyle and the power that they would never otherwise experience.

William Y (54)
Saturday May 14, 2011, 9:13 am
@ Edward M. Some of us saw through this years ago, unfortunately, many voters, here, are ignorant to all facts surrounding what goes on, around them, and at them. It is like wearing sun glasses on a pitch black night.

Richard E Cooley (0)
Sunday May 15, 2011, 12:02 am
If the federal government chooses to do nothing and not prosecute they are just an guility if not more so. When you choose to enable wrong doing you must realize that you are the problem and are guilty too.

Judy C (90)
Sunday May 15, 2011, 1:43 am
Goldman Sachs has enough money to buy immunity. Too big to fail, and too big to be prosecuted, it seems.

jane richmond (10)
Friday July 22, 2011, 1:41 pm
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