Word: taibbi
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This explanation for Goldman's success hasn't been getting a lot of media play lately. Fox News talker Bill O'Reilly instead refers to the firm as an assemblage of "swine." Rolling Stone writer Matt Taibbi, showing more creativity if not sympathy, calls the firm a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money...
That's the view of Goldman Sachs delivered by an article in the current issue of Rolling Stone. The rock mag's The Great American Bubble Machine by Matt Taibbi says that the investment bank is responsible for creating, and in many cases popping, every great bubble of nearly the past 100 years in order to profit from them at our expense - and the article uses plenty of illustrations of pigs to drive home what it thinks of Goldman. Taibbi calls the U.S. a "gangster state, running on gangster economics." He says we have an economy where "some...
...firm is notoriously press-shy, and doesn't usually respond to articles. But it is firing back at Taibbi, the son of veteran NBC television reporter Mike Taibbi. A Goldman spokesperson told one reporter, "Taibbi's article is a compilation of just about every conspiracy theory ever dreamed up about Goldman Sachs, but what real substance is there to support the theories...
...reporter at the Wall Street Journal who used to cover Goldman and other investment banks for the paper, wrote in response to another journalist's question about the piece, "For the record, I don't think any article that contains the line 'vampire squid sucking the face of humanity' [Taibbi's opening description of Goldman] is real journalism." (See the top 10 magazine covers...
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