Thursday, July 16, 2009

Big Bucks, Bailouts & Bubbles



Financial powerhouse Goldman Sachs just posted its biggest quarterly profit ever in it 140-year history, and is preparing to pay billions in compensation "bonuses" to its traders. How'd they do that just a few months after receiving federal bailout money?

Matt Taibbi, wrote about Goldman Sachs in Rolling Stone. He accuses the firm has engineered every major market manipulation since the Great Depression, and warns they'll do it again.






Audio: BBC, PRI & WBUR's Here & Now, July 15. Host: Robin Young.
Illustration by Victor Juhasz

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