Matt Taibbi's Goldman Sachs Story - How He Got It Wrong: The Big Money

09/06/2009 05:12 am ET | Updated May 25, 2011
  • Heidi N. Moore The Big Money

Can one firm create a bubble? Can one firm create four bubbles?

Maybe, but it's damn hard to prove. That's why it's so unimpressive that a fervent 10,000-word rant by Matt Taibbi in Rolling Stone's July 9 issue-devoted purely to "Goldman's big scam"-spent 12 pages on the subject of Goldman Sachs' (GS) "Great American Bubble Machine" but never delivered any plausible proof. The mammoth article disappointingly failed to provide the smoking gun that so many people on Wall Street-who have envied and admired and hated Goldman for much of this decade-would have been delighted to see.

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