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Salmon on Taibbi's Goldman Sachs piece: Other than that, Mrs. Lincoln, how was the play?

Yves calls the Taibbi piece -- lambert blushes modestly -- the must-read of the day; do read the whole thing. Felix Salmon over at Reuters quotes the "head flak" at GS:

Taibbi’s article is a compilation of just about every conspiracy theory ever dreamed up about Goldman Sachs, but what real substance is there to support the theories?

We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance of being a force for good.

Salmon's bottom line:

[A]though there’s a strong case to be made that Goldman has failed to capture the legislative branch (see for instance Chris Dodd jumping on the Ben Stein bandwagon), I think there’s a pretty compelling case that both the executive branch (home to countless Goldman alumni) and the regulators, like the CFTC, have a pretty strong track record of doing whatever was in the best interests of Goldman Sachs.

Damn. That's some CT. Other than that, Mrs. Lincoln, how was the play?

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Damon's picture
Submitted by Damon on

Van Praag told me that in the wake of the events of the past year or two, Goldman’s partners have pretty much lost their appetite for going into public service.

Boo-fuckin'-hoo. Oh, you poor, persecuted pair of Goldman Scrotal Sachs. I cry for you like Argentina is crying for Mark Sanford. In other words, I'm not crying for you, at all.