A major article in the latest edition of Rolling Stone - which has somehow become one of the few bastions of actual journalism left in the country, despite the fact that it's ostensibly a magazine about music - breaks down exactly how Goldman Sachs has been at the heart of every bubble in the American economy since the Great Depression. I really want to be clear - this is a must read. Drop everything you're doing, even if it's an Argentinian mistress, and spend a few minutes learning what every American should learn. Yeah, the format makes said reading kind of annoying, but it's the only option available at the moment (try clicking on the full screen button to make things a bit easier).
If you want to be tantalized, the article includes info about how GS helped to engineer the housing bubble, why its actions made you pay four bucks for a gallon of gas last year, and the next bubble the bank wants to inflate. (I personally believe that it will fail, and I also believe that the article neglects the current stock market situation as a bubble, but those are quibbles for another day.) Oh, and guess which company's employees donated the most to President Obama's campaign last year? That isn't unusual, by the way - Sachs is the biggest contributor to plenty of campaigns on both sides of the aisle.
Here's one of many choice quotes:
