Sunday, June 6, 2010

Matt Taibbi on Goldman Sachs: The Great Bubble Machine

Here's Matt Taibbi's famous article for Rolling Stone, The Great American Bubble Machine which critiques Goldman Sachs' role within several previous financial bubbles, namely the Great Depression (1929), the Internet bubble (2000), the Housing bubble (2007), the oil bubble, and the Great Financial Crisis (2008).

Remember those horrible days not too long ago when oil became ridiculously expensive? And then it fell down. Well, according to Mr. Taibbi, that had nothing to do with supply and demand but was solely driven by financial speculation.

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