Comments on: The Greatest Non-Apology of All Time

By: The Greatest Non-Apology of All Time | Lew Rockwell

The Greatest Non-Apology of All Time | Lew Rockwell — Thu, 08 Dec 2011 20:30:35 +0000

[...] Read the rest of the article This entry was posted in Articles by Matt Taibbi. Bookmark the permalink. [...]

By: A list of evidence justifying the #Occupy movement : Dangerous Intersection

A list of evidence justifying the #Occupy movement : Dangerous Intersection — Sat, 05 Nov 2011 05:37:16 +0000

[...] The federal government has failed to investigate the mortgage security fraud that damaged the U.S. economy. [...]

By: Matt Taibbi Deserves An Award « TheCenterLane.com

Matt Taibbi Deserves An Award « TheCenterLane.com — Fri, 15 Oct 2010 08:49:58 +0000

[...] previous blog entry on June 18, focused on one of my favorite subjects: the hideous monster we have come to know as Goldman [...]

By: More about “Government Sachs” (they own America; we just live here) « Fabius Maximus

Fri, 31 Jul 2009 22:57:14 +0000

[...] The Greatest Non-Apology of All Time, 18 June 2009 — Excerpt: Anyone else out there find himself doubled over laughing after reading Goldman, Sachs chief Lloyd Blankfein’s “apology” for his bank’s behavior leading up to the financial crisis? Has an act of contrition ever in history been more worthless and insincere? Even Gary Ridgway did a better job of sounding genuinely sorry at his sentencing hearing — and he was a guy who had sex with dead prostitutes because it was cheaper than paying live ones. [...]

By: edsbett

edsbett — Sat, 11 Jul 2009 18:41:01 +0000

Somebody a lot smarter than me taught me that: Excess Liquidity ALWAYS follows the inflating assets. In each of these bubbles and the one’s to come, Goldman has the perspicacity to fashion a product to attract those funds from the holders. In the 2007 commodity scam, First we have creation of the commodity index fund to attract/sell the pension funds, foundations and Narvik Norway on This form of “alternative asset” and then the blatant receipt (dont see how it was legal) of the exemption to hedge the index funds enormous sale. They probably shorted against their clients all the way down also. (In an early paragraph you referred to Goldie selling futures which wouldn’t work but to my admiration caught it and reverted to index funds later.). I am tremendously impressed at the accuracy and inclusiveness of your capture of their pump and dump bubble scheme. Also the Cap and Trade follow-on has credibility. Aside. Have you run across the small firm in Texas which sold large multiples of cds of the original bond issue of a deal down there to these princes of greed at fees large enough to permit them to buy the issue at par as specified in the doc’s and keep the multiple overage? Guv’mint Sachs doesn’t always win.

By: Style Points » Special 4th of July Link Dump

Style Points » Special 4th of July Link Dump — Sat, 04 Jul 2009 06:42:30 +0000

[...] Regardless of your politics, if you’re not reading Rolling Stone’s Matt Taibbi, you are missing out. [True/Slant] [...]

By: dogboy12

dogboy12 — Wed, 01 Jul 2009 18:01:58 +0000

Goldman is a big seller of US Government Debt for the Federal Government. Just wondering, when we finally determine we have too much debt at the Federal level, are you going to blame Goldman because they made it too easy for the politicians to just keep spending?

Seems like you are looking for one small group to blame instead of spreading it around where it belongs. Goldman did a lot of things wrong but you can’t avoid the fact individuals, institutions, regulators (& politicians who act as regulators) and governments across the world all participated in each of these bubbles.

It doesn’t make me any brighter if I blame everyone else for my stupid actions. Most people deep down can see the idiocy of carbon trading long term. Goldman is a player in the idiocy but we’ve got other players with more power making the idiocy legal. Our government in it’s idiocy is forcing this stuff through. Is that Goldman’s fault?

Was it Goldman’s fault when Barney Frank required Fannie Mae and Freddie Mac to go to 32x leverage right before the defaulted?

By: budxr7

budxr7 — Tue, 30 Jun 2009 23:34:13 +0000

Kill a man, you’re a murderer. Kill a million, you’re a conquerer.

Rob a bank, you’re a thief. Rob a country, you’re “proud of the way our firm managed the risk it assumed…”

The smugness is sickening. Karl Denningers “Starve the beast” campaign is good – but this is something we should all have been doing anyhow. To truly “Starve the beast” everybody must with draw all investments and any moneys that may be otherwise invested into a market replete with fraud and corruption.

By: Recommended Reading | HyipLife.com

Recommended Reading | HyipLife.com — Thu, 25 Jun 2009 20:41:35 +0000

[...] Sachs. Its head honcho, Lloyd Blankfein, recently penned a kind of blame-shifting apology and Matt Taibbi is having none of it. It’s one of those scandals that America would be a lot angrier about if [...]

By: jefferybeaumont

jefferybeaumont — Wed, 24 Jun 2009 23:58:38 +0000

“Most of those customers were snookered into buying this stuff because they had no idea what it was: in the case of pensions and unions particularly, a lot of these customers only bought this crap because the peculiar alchemy banks like Goldman used in devising their mortgage-backed securities made radioactive mortgages look like AAA-rated investments.”

This lets too many people off too easy. The people who manage assets for these pensions and such are well compensated pros who’s JOB is to ACTUALLY FIGURE OUT WHAT THEY’RE BUYING. The street’s venality in marketing some of these products needs no embellishment. Telling the full story requires pointing out the galling laziness and intellectual deadness of professional managers who outsourced their credit work to the street and the rating agencies.