Goldman Sachs completely destroyed the American economy?

Let me rephrase it: "Goldman Sacks took a central role in creating a crisis that, hadn't it been resolved by investing hundreds of billions of taxpayer dollars, would've tanked the global economy; it also made sure to be on the negotiating table from day 1, so that its interests took precedence over those of other companies (Bearn Sterns, Lehman Brothers) and the American public."

So yeah, they might have not taken down the economy, but fuck me they got a sweet deal for being criminally irresponsible.

> hadn't it been resolved by investing hundreds of billions of taxpayer dollars, would've tanked the global economy

First off, it was trillions AFAIK.

Secondly, the impact of the bailout on the global economy is still playing out:

http://www.tradingeconomics.com/united-states/money-supply-m...

While I'm agreeing with you, I'd go further to say that the impact of socializing the fraudulent losses of these firms simply has yet to be felt.

I was trying to qualify my statement as much as possible so I wouldn't get accused of using hyperbole for effect. But yes, what you said.

Not single-handedly, by any means.

Or at all, observationally.

You are right, we are so much better off by having bailed them out. We should do more of that.

Speculating on how a stranger's emotional state influenced their stated opinion, based only on their internet posts, is impossible to judge and that isn't terribly productive in conversation.

Trolling people's word choice and similar is a game better played at Slashdot.

Oh no. There's a lot of ruin (™ Adam Smith) in the US and global economies, but a great deal of damage has been and is being done and more is to come.

Yes. The economy you see now is wholly new and remarkably created by Al Gore.