The bubbles of Goldman Sachs
Jun 26th, 2009 by Thomas De Maesschalck
An interesting piece about Goldman Sachs appeared in the latest edition of Rolling Stone magazine. Writer Matt Taibbi claims the Wall Street giant played/plays a big role in at least five bubbles: The Great Depression, the Dot Com bubble, housing bubble, oil/commodities bubble, and the bailout (tax money funded) bubble. Taibbi believes the next bubble will be global warming, he says Goldman envisions the paper-shuffling carbon market will be worth a whopping $1 trillion a year.
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