Matt Taibbi vs. The Great Vampire Squid

by Jonathan Russell

You may have heard some of it before but words of this quality are always worth airing one more time.

It was started in a Rolling Stone article by Matt

Taibbi

in which he described the world's most famous investment bank as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything
that smells like money".

The bank's uber-spinner Lucas Van Prag hit back, calling the article an "hysterical compilation of conspiracy theories".

He went on to ask why Goldman Sachs hadn't been implicated in the shooting of JFK and faking the moon landing.

More to the point he said the bank "rejects the assertion that we are inflators of bubbles and profiteers in busts".

What fun.

You couldn't ask for anything better to liven up the quiet summer months.

The ongoing row has been required reading for everyone in the City, er, apart from the masters of the universe at Goldman Sachs. I hear the Rolling Stone website has been barred by some at the bank.

http://www.telegraph.co.uk/finance/comment/citydiary/5734899/Rolling-Stone-gathers-no-readers-at-Goldman-Sachs.html