Colbert Urges Viewers To Take Food Away From GOP Lawmaker
July 2, 2009 4:39 pm

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Tip/Wag - Cynthia Davis & Fox News
www.colbertnation.com
Colbert Report Full Episodes Political Humor Jeff Goldblum

(Go to URL for more.)

(Permalink)

Jon Stewart Blasts Glenn Beck For Promoting Slaughter Of Americans
July 2, 2009 8:18 pm

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Osama bin Laden Needs to Attack America
www.thedailyshow.com
Daily Show Full Episodes Political Humor Jason Jones in Iran

(Go to URL for more.)

(Permalink)

The Great American Bubble Machine
July 5, 2009 5:16 pm

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression

Goldman Sachs has played a crucial role in creating every market bubble since the 1920s -- and has profited from not only the bubbles, but from the crash that followed as well, says a new expose in Rolling Stone magazine.

An article in the July 9-23 issue of the magazine, written by Matt Taibbi, lists five asset bubbles that the 140-year-old investment bank helped create -- and one that Taibbi asserts the firm is currently working to make happen.

The five bubbles the article says Goldman was central to creating are the Wall Street stock bubble in the 1920s, which led to the Great Depression; the tech-stock bubble of the late 1990s, which ended in the 2001 recession; the housing bubble of the past decade, which resulted in the current economic crisis; the oil price run-up last summer, when oil shot up to $140 a barrel, likely helping tilt the entire world into recession; and what Taibbi describes as "rigging the bailout," when Goldman Sachs' well-placed alumni inside the U.S. government engineered last fall's bank bailout in such a way that the company profited massively.

Taibbi writes that Goldman Sachs has traditionally been a late arrival to market bubbles, getting in once others have started the trend, but, once in, the company quickly ramps up the bubble, predicts its bursting, and then hedges its bets so as to make money from the bubble crash.

The article, adds one more bubble to the list: the "global warming bubble," or specifically, the proposed cap-and-trade legislation that would allow companies to trade pollution credits on an open market.

Taibbi's argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.....

(Go to URL for more.)

(Permalink)