Goldman Sachs Runs The World

Last month's Rolling Stone features an article written by Matt Taibbi titled "The Great American Bubble Machine" about powerful US investment bank Goldman-Sachs. He explains how Goldman-Sachs is at the center of the US financial system and involved in every great crash since 1929.
Goldman Sachs was founded in 1869 by in the United States by German immigrant Marcus Goldman. In 1928 they created the Goldman Sachs Trading Company, which worked like a ponzi scheme. They would create an initial public offering and then sell ninety percent of the stocks. Then, under a different private company that they owned, they would bid up the price of the stock. Afterwards, they would have an initial public offering for that company, and repeat the process over again. Finally, thanks to the market crash of 1929, they would lose $475B of today's dollars when the scheme collapsed as well.
Goldman Sachs also helped inflate tech stocks during the 1990s. Normally, any company taken public by Goldman Sachs would have to have been in business for five years and profitable for three. Goldman Sachs threw out their own rules, and in 1997, out of 24 IPOs they ushered only 16 were profitable. By 2000, they took 18 companies public, and only 4 were profitable. They would then offer their biggest purchasers of new stocks a special low price on the promise that they would buy more stock latter. This ensured that the stock would rise after the IPO, meaning that the casual trader would see this as a good buy. Considering that Goldman Sachs took a 6% fee from all IPOs they oversaw, they stood to make huge profits from these unprofitable companies.
Enter the 2000s, an Goldman Sachs had found another bubble to blow, housing. This story has already become famous. By offering mortgages to people who normally wouldn't qualify and then bundling them together as securities, Goldman Sachs increased demand for housing, thus raising the price. Goldman Sachs would then purchase credit-default swaps (from AIG), effectively betting against the same mortgages they had just sold.
After people naturally started to default on their mortgages, Goldman Sachs turned to commodities trading. In the 1980s, Goldman Sachs purchased J Aron investment firm. J Aron then lobbied congress to overturn a 1936 law preventing using the commodities exchange as a parlor table. Then, Goldman Sachs stated trading oil. In the summer of 2008, an average barrel of oil was traded twenty-seven times, and the price soared 300%. Shockingly, Goldman Sachs has also been a big lobbyist for Cap-N-Trade legislation to curb the effects of global warming. They realize that carbon credits would be on the commodities market, and since the government would continually lower the amount of carbon credits, the price is guaranteed to go up and create the next great bubble.
All of this means that Goldman Sachs, either accidentally or willfully, are inflating bubbles, accelerating crashes, and making billions of the backs of everyday Americans. With ex-Goldman Sachs executives, like Robert Rubin, Hank Paulson, and Larry Summers, at the helm of the federal agencies meant to oversee institutions like Goldman Sachs, that is not very likely to change. The same people who took failing tech companies public, who invented credit-default swaps, and deregulated the markets are the same ones controlling the levers of government. How can they be expected to be defenders of the public interest when they are overseeing the same policies and colleagues from their previous careers that made them wealthy?