The People vs. Goldman Sachs

Matt Taibbi, who once called Goldman Sachs “a great vampire squid wrapped around the face of humanity”, writing in Rolling Stone about the Levin report on the causes of the GFC:

Thus, while much of the Levin report describes past history, the Goldman section describes an ongoing? crime — a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure and stands now on the precipice of officially getting away with one of the biggest financial crimes in history.

Yikes. Well worth a read – and after this, have a read of The Big Short by Michael Lewis (the guy behind Liar’s Poker, the original expose of the banking industry).

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