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Today, the "Goldman Conspiracy" is the visible hand of Bogle’s invisible "Happy Conspiracy" that’s "ripping us off as massively as a bank being held up by a guy with a gun and a mask." Except today: No masks, no guns. Congress just writes blank checks.
The "Happy Conspiracy?" Yes, that’s what Vanguard founder Jack Bogle calls Wall Street in his bestseller, "The Battle for the Soul of Capitalism." He sees Wall Street as a "pathological mutation" of capitalism. Adam Smith’s "invisible hand" no longer drives "capitalism in a healthy, positive direction." Instead, Bogle sees the invisible hands of this elite "Happy Conspiracy" running capitalism to serve its own selfish, greedy agenda:
Episode 1.
‘Goldman Conspiracy’ as the new Mafia Godfather
Readers are mad as hell: One simply passed on "the inscription on the very first page of Mario Puzo’s "The Godfather:" "Behind every great fortune, is a great crime.’ So who’ll play the new Godfather? How about Michael Chiklis, the corrupt cop in "The Shield?"
Episode 2.
‘Goldman Conspiracy’ hires Barney Frank guy as lobbyist
Great drama, like "The Sopranos?" A reader sent this Economic Policy Journal report: "The Goldman Sachs relationship with Congress has just gotten even more intimate. Goldman has grown another tentacle, designed to grab directly at the House Financial Services Committee chair Rep. Barney Frank, D-Mass. The new top lobbyist, Michael Paese, was recently the top staffer to Frank. He has been a registered lobbyist for the Securities Industries and Financial Markets Association since he left Frank’s committee in September." Like Damages and Dexter, you can’t just make up a juicy plot like this.
2 Comments
Nomi Prins’ new (not yet published) book is called “It Takes a Pillage.”
She might be looking for you to help with the screen play.
She’ll need to hire Paul Farrell as he’s the one who wrote the tv plot.
But thanks for the thought. Nomi Prin’s title is intriguing given Danny Schecter’s well written and documented book ‘Plunder’.