By Leela de Kretser
July 07, 2009 12:00am
IF ONLY financial journalists would dish out more insults as good as a great vampire squid wrapped around the face of humanity, business columns might suddenly seem so much more interesting.
Alas, the world must turn to its music magazine writers, such as Matt Taibbi at Rolling Stone, for the really colourful stuff when it comes to describing financial titans such as Goldman Sachs, The Herald Sun reports.
Mr Taibbi, who until now was best known for covering the 2004 election and a 2005 column entitled “The 52 Funniest Things About the Upcoming Death of the Pope”, used the flashy phrase when he took it to the Wall Street giant in a recent edition of Rolling Stone titled The Great American Bubble Machine.
But much more shocking than Mr Taibbi’s well-crafted paragraphs about Goldman Sachs engineering every great market event since the Great Depression, and running the US Government, was the reaction by the normally tight-lipped firm