The bubbles of Goldman Sachs

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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