May 12th, 2011 at 11:46AM
To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it believes in the product even as it’s betting $2 billion against it. When its victims try to run out of the burning house, Goldman stands in the doorway, blasts them all with gasoline before they can escape, and then has the balls to send a bill overcharging its victims for the pleasure of getting fried. — Another month, another terrifying expose of Goldman Sachs from Rolling Stone’s Matt Taibbi, who chronicles how Goldman Sachs spent the better part of a decade selling off bad investments, betting that they would fail, and then taking your tax money to pay off the loans. And now I now exactly where SEAL Team Six ought to strike next. I’m told Goldman’s compound is somewhere in lower Manhattan.

-DM

[LongReads, Rolling Stone] (via the20s)

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