Saturday, February 19, 2011

Vampire Squid: Trial Lawyers

I'm ambivalent about the extent to which Matt Taibbi's characterization of Goldman Sachs is populist excess:
The world's most powerful investment bank [Goldman Sachs] is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money
but, as this article notes, "the spirit of Taibbi's piece, if not its details, has really caught on. Yesterday, the Wall Street Journal attacked Goldman Sachs as a heavily subsidized, implicitly guaranteed firm akin to Fannie Mae. They called it 'Goldie Mac'."

Now if someone would just change "Goldman Sachs" to "Trial Lawyers"...

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