Interesting article on Goldman Sachs

[birdymaker]

http://www.rollingstone.c...t_american_bubble_machine

[stroh]

I'll take your word on it.

I'll be honest with you, when I get to the bottom of the page and I see:

Page 1 2 3 4 5 ...  NEXT -->

The outlook is grim.

[Fuzzy]

http://www.golfhos.com/fo...ex.php/topic,12021.0.html

[Politics/Econ/Religion] Cap N Trade - Waxman Climate Bill

Pro ?
Con ?
Care ?
Don't care?
What is this thing?

Well, birdy may have stumbled across one answer.

Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm's co-head of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance.

http://www.rollingstone.c...american_bubble_machine/5