Open Left

They're not just connected to guv, they're IN it big time (0.00 / 0)

Thanks for posting here. I've really enjoyed your work since BOP and, per usual, you're spot on with this piece. ZH has honed in on this in a pretty impressive fashion, as has Taibbi, and given the kinds of reactions they've gotten... they're probably onto something pretty serious.

GS has invested an awful lot buying their way into government and they pretty much own this administration lock, stock and high frequency algo barrels. Being in power means never having to say, "The defendant pleads guilty, yer honor," much less "sorry."

Talk about ROI! Nothing like Greed With Impunity to brighten up one's weekend in the Hamptons!

"In our country, the lie has become not just a moral category but a pillar of the State" -- Alexander Solzhenitsyn

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by: Emocrat @ Wed Jul 15, 2009 at 21:26:45 PM CDT

Yah (4.00 / 1)

Thanks for the kind words.  Happy to be here.

I've been arguing for years that there's no investment which has as good an ROI as buying the government.  GS seems to be the indisputable proof (not that there haven't been other obvious cases...)

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by: Ian Welsh @ Wed Jul 15, 2009 at 21:28:42 PM CDT

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Indeed you have (0.00 / 0)

If anyone wrote a textbook on how to buy influence as a protection racket, GS would almost have to own the copyright... especially these days, especially if they didn't write it. But there are lots of other contenders... like everyone on Darth Cheney's Energy "Task Force."

It's more enlightening, perhaps, to point out who doesn't have that kind of racketeering prowess, yes? Silly question, I know, as we all know who that is.........


"In our country, the lie has become not just a moral category but a pillar of the State" -- Alexander Solzhenitsyn

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by: Emocrat @ Wed Jul 15, 2009 at 21:57:02 PM CDT

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