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Title: Interesting article on Goldman Sachs Post by: birdymaker on July 09, 2009, 12:56:39 PM http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine
Title: Re: Interesting article on Goldman Sachs Post by: stroh on July 09, 2009, 01:12:42 PM I'll take your word on it.
I'll be honest with you, when I get to the bottom of the page and I see: Page 1 2 3 4 5 ... NEXT --> The outlook is grim. Title: Re: Interesting article on Goldman Sachs Post by: Fuzzy on July 09, 2009, 05:40:44 PM http://www.golfhos.com/forum/index.php/topic,12021.0.html
[Politics/Econ/Religion] Cap N Trade - Waxman Climate Bill Pro ? Con ? Care ? Don't care? What is this thing? Well, birdy may have stumbled across one answer. Quote Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm's co-head of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance. http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine/5 |