A Former IMF Functionary on the American Gangster Economy

June 26, 2009 at 02:28 | Posted in economics, finance, Goldman Sachs | Leave a comment
Now, Simon Johnson is not as inclined to strong language as Mark Taibbi, but… same message.
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Mark Taibbi on the American Gangster Ecoromy

June 26, 2009 at 02:11 | Posted in Al Gore, bubble, Corruption, criminal, economics, Goldman Sachs, Obama, sub-prime | Leave a comment
This deliciously scathig article by Mark Taibbi on the unbelievable shenanigans of Goldman-Sachs, Al Gore, and pretty much the entire financial ‘regulatory’ system of the United States should be read while sitting down: it’s simply too much.
Of course, Taibbi misses out on some of the economic subtleties of what transpired during the events he describes – and thereby deprives himself of some real gems – but he has the politics down pat.
[And considering that Mark cut his journalistic teeth at the irreplaceable The Exile in Moscow during some of Russia’s wilder days, he probably has good reasons for using the term “gangster economy” to describe the current day U.S.A.]
In case any of you thinks Mark is hallucinating, I’ll put up a little gem from the Atlantic Monthly as well. Same economic blind-spots, same political acuity.

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