The Great American Bubble Machine

Matt Taibbi has a really excellent article in Rolling Stone about Goldman Sachs and their financial tomfoolery: “The Great American Bubble Machine.” As usual, Taibbi has good research and good wit: “[Goldman Sachs] is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

However, I wish Taibbi had included two other stories:

1. The political assassination of Eliot Spitzer

2. The 1980s junk bond bubble

Still, it’s a must-read piece; if the above Scribd link is dead (R.S. already forced one version offline) just Google it.