"Suck on Our Yachts": Goldman Sachs Issues Non-Apology for Destroying the World Economy

AlterNet, True/Slant by Matt Taibbi | Jun. 22, 2009 (Opinion)
Goldman Sachs chief Lloyd Blankfein says he's sorry, then proceeds to brag about screwing us all.

Goldman is bragging about the fact that it actually made money while it was pumping the economy full of explosive leverage. While companies like Lehman and Bear were dumb enough to actually eat their own rat meat, Goldman knew what it was doing and was careful to bet against the same stuff it was selling, which makes its behavior many times worse than that of other banks, not better. Full Story »

Posted by Dwight Rousu

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4.0
 by Dwight Rousu - Jun. 22, 2009

Taibbi again clearly portrays a three tiered chain of deception and bragging about it on the part of Goldman Sachs. His clear insight and acid language provide a unique touch.

when Goldman says it is proud that it “managed the risk” for its clients, what it’s really saying is, “We’re proud that we kept the extreme crapness of our mortgage securities secret from everyone but our clients, and fobbed off the nightmare leverage they created on dumbass AIG and all the pensioners and teachers and other idiots who bought this stuff. Go fuck yourselves and suck on our yachts.”

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