Long Life of the Vampire Squid metaphor
Federal taxpayer bailout funds received: $63.6 billion
Profits for the years 1996-2010: $76.2 billion
Profits since bailout (2009-2010): $21.7 billion
2010 CEO Lloyd Blankfein pay: $13.2 million
2010 bonuses and compensation: $15.4 billion
Bonuses and compensation for top 5 execs last 10 years: $1.0 billion
Offshore subsidiaries in tax havens: 29
Lobbying since bailout (2009-2010): $11.2 million
Political contributions in 2008 & 2010 federal elections: $8.4 million
#OccupyWallStreet: Let’s Go Squidding
“Integrity and honesty are at the heart of our business” is one of Goldman’s 14 principles. There is no way to square this principle with the accusation that Goldman did not tell a customer who didn’t want to lose money — the very definition of a buyer of AAA-rated securities — that the investment it was selling had been rigged to amplify the chances that it would, yes, lose money.
Bethany McLean: The Real Villain of the Financial Crisis
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.
Matt Taibbi: The Great American Bubble Machine
Occupy Wall Street’s Newest Tactic: ‘Squidding’