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Monday, December 13, 2010

Interesting facts from WikiLeaks

The subtext of The Great Recession Conspiracy is that the U.S. Treasury Department is really being run by Goldman Sachs for the benefit of Goldman Sachs. That fact is confirmed, and greatly expanded, in Matt Taibbi's new book, Griftopia (More on that book later).

We knew Hank Paulson (then the Secretary of the Treasury) spoke to Lloyd Blankfein (then chairman of Goldman Sachs) several times a day for every day of the crisis. Hank said it was just to stay in touch with the thinking on Wall Street, and Lloyd denied ever needing any money from the government to stave off bankruptcy.

Now we know, thanks to Julian et al, that Goldman Sachs borrowed money from the government EVERY DAY for 84 straight days.

Even a blind pig would now understand that the sole purpose of TARP was to head off bankruptcy at Goldman Sachs!!

I sure hope that somebody got kissed in this deal because everybody who doesn't work for Goldman Sachs got screwed!!

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