On: Goldman Sachs is very good at what it does. Unfortunately, it's bad for America.

[euroclydon]

Sorry, but if this is true, everyone should know about it:

Didn't most of that AIG bailout money go to Goldman, and didn't AIG owe it to Goldman because Goldman bet against their own products? And wasn't it former Goldman CEO Hank Paulson who pushed it through?

I really liked the Rolling Stones article which said that Goldman basically has captured the government.

[slackerIII → euroclydon]

You may like some other opinions on that article as well: http://meganmcardle.theatlantic.com/archives/2009/07/matt_ta...

[sachinag → slackerIII]

The article was over-the-top in its conspiracy theory, but Tiabbi was certainly directionally correct.

His follow-up after Goldman's earnings is much more in line with the actual facts: http://trueslant.com/matttaibbi/2009/07/16/on-goldmans-gigan...

[sachinag → euroclydon]

Yes, $12B of the AIG bailout went straight to Goldman as a counterparty.