Check out this story from the Washington Post. Now.
It tells us very, very little about what's actually going on, but I have a feeling that this is the beginning of yet another historical scale clusterfuck... the kind of shit that makes Sir Edward Gibbon wish he was still around so he could write about it. Feel free to speculate in the comments as to what's actually going on.
Also, if any of you are actually interested, I've come across this full version of Matt Tiabbi's Rolling Stone screed against Goldman Sachs. They seem to have ommitted a lot of the gory mechanical details in the abridged version that I posted a link to earlier... but this... this just makes me angry. Anyone interested in justice n' shit really should read and try to understand what's going on here... and what's even more ridiculous is the number of people who are actually jumping to the defense of this firm... who are so comfortable with their ideological blinders that they refuse to impute moral culpabilty to the institutions who are so actively subverting democratic ideals and engaging in outright securities fraud at our expense. This Adam Smith/Pavlov reaction baffles me.
"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."
God... hyperbole really is the most fucking awesome thing ever, you know?