gfp: Goldman is merely the handmaiden for the Fed. They get all the inside Fed information, they make Billions off that information off their own trading book, and when they want to open the cash register they pawn their "assets" off to their investing clients. Taibbi is the one who coined the term "giant squid" about Goldman. Their tentacles run through the Central Banks and governments around the globe. This coming Depression Part II is not going to be the direct fault of Goldman. Although they will be a player in the ensuing drama. This coming meltdown is squarely the fault of the world's major Central Banks, who tried to outlaw business cycles with manipulated interest rates. Then when the wheels started coming off they decided that their main mission was propping up asset prices, even if it meant direct intervention in the capital markets. We need to disband all the Central Banks and allow the market to set interest rates, and the market to determine asset pricing. No company should be too big to fail if it is mismanaged badly enough. Until that happens we will just have a continuous series of bubble crises. END THE FED!!!!
