It seems nowadays that everybody’s concern (including ours) is how Goldmans manages to dodge all market crises unscathed.
The latest piece dubbing Goldmans the Wall Street Bubble Mafia has generated controversy, with Goldmans firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good."
Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it."
Rest assured my Dear Readers, that the Balcony will be watching this space closely, whilst looking for other Neil Young gold-related titles…
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