Hard to argue that Goldman has preternatural luck. Oh, Matt Taibbi and that lot point to personal favors amounting to hundreds of billions due to some ‘old boys network.’
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.
Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
Like you wouldn’t help a friend out in a jam?
But Peter Daou is definitely wrong when he blames Palin-mania as distraction for Goldman’s most recent larceny. Daou is pretty bright – when blogs were first rolling out in 2003/04 he twigged onto how the Movement uses institutions, fronts and meme distributors better than almost any Democrat/Progressive. (Compare his insight with a hilarious meeting we had with Reid’s senior staffers (off the record) at about the same time trying to explain the same to them. The looks of incomprehension are still worth a chuckle). Daou got it.


