World-News

http://www.commondreams.org/video/2009/07/03

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The Great American Bubble Machine

Freedom's Phoenix
by Thomas Costanzo

07/15/09

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again...

http://tinyurl.com/nvk7l3


Informant: Thomas L. Knapp

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Goldman Sachs Posts Record Profits

Matt Taibbi Probes Role of Investment Giant in US Financial Meltdown

By Democracy Now - Audio and Transcript

Goldman Sachs, the nation's most powerful financial company, has reported the richest quarterly profit in its 140-year history: $3.44 billion between April and June. We speak to Matt Taibbi, whose new Rolling Stone article argues that "Goldman Sachs has engineered every major market manipulation since the Great Depression."

http://informationclearinghouse.info/article23071.htm



The Joy of Sachs

By Paul Krugman

The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits - and it's preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?

http://informationclearinghouse.info/article23082.htm

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Goldman's Back, and Why We Should Be Worried

Robert Reich, Robert Reich's Blog: "Should we breath a sigh of relief that Goldman Sachs has posted record earnings as revenue from trading and stock underwriting reached all-time highs (second quarter net income was $3.44 billion) -- less than a year after the firm took $10 billion directly from taxpayers and $13 billion indirectly through AIG? In some ways, yes.... But in another respect, Goldman's resurgence should send shivers down the backs of every hardworking American who has lost a large chunk of retirement savings in this economic debacle, as well as the millions who have lost their jobs."

http://www.truthout.org/071509F?n



"Government Sachs" Strikes Gold ... Again

Robert Scheer, Truthdig: "Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation's history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well?"

http://www.truthout.org/071609B?n



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