I wonder if while the Senate Permanent Subcommittee on Investigations is raking GS CEO Lloyd Blankfein and Goldman trader Fabrice "Fabulous Fab" Tourre over the coals over trades related to the housing collapse ,if they happen to bring up Goldman's partnership with the Goracle in the trading the junk by the firm they helped create called 'Generation Investment Management'(GIM). It was capitalized primarily by GS including such prominent 'Sachers' as Hank Paulson and David "captain" Blood (the nickname of the company quicky became "Blood and Gore") Today no less than seven of Gore's GIM chief partners are previously from Goldman Sachs.

Goldman went further and helped create and establish the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFX).
Which peddles a commodity... "carbon credits" (talk about investing in a phantom asset! ) .

Bottom line .Yeah investigate the circumstances surrounding the inflating of the housing bubble and it's bust. But they should spend some time watching the real time creation of a completely artificial bubble .

But they won't because it fits their vision of a "green future".
Then when the green bubble collapses they will again get on their soap box and condemn greedy Wall Street.

Tom, CCX also owns half of the European Climate Exchange making Blood and Gore true "global" warming capitalists. Funny how the anti-capitalist left has so many capitalists making a killing in the market.

I wonder if Dodd's financial reform has loopholes for The Goracle like it does for all his other buddies.

I wonder if Dodd will share a cell with Angelo Mozilo .

I may be predicting this climate bubble a little early . First we will have to absorb the fall out from the collapse of the commercial real estate bubble.

Will wait and see if Congress moves on cap and tax ;or if the EPA unilaterally decideds to impose the Copenhagen agreement on us.

Wars and bubbles, it seems we can't talk without hyperbole these days, every thing has to so big it's catastrophic, the end of civilisation as we know it. The Climate Change debate is over, at least for the time being, and by the time they get it going again we will be viewing climate change from a different perspective, How's this for a different perspective? We have all been very busily responding to a temperature growth in the lower atmosphere of .5 to 1 degree and at the same time we have failed to ask ourselves the consequence of a fall of 10 degrees in the upper atmosphere over recent decades. Remember we are only five volcanos away from permanent winter

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Remember we are only five volcanos away from permanent winter

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Yes and I think this global warming is a return to normal after a series of meteorite impacts plunged the earth into a cycle of cooler temperatures.
BBC News | Sci/Tech | Meteorite is possible ice age culprit

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Originally Posted by tomder55

I may be predicting this climate bubble a little early . First we will have to absorb the fall out from the collapse of the commercial real estate bubble.

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You might ask yourself what will be the fall out from the collapse of the China bubble? China has been building infrastructure, commercial buildings, accommodation at an enormous rate, but they have been building ghost towns, there is no demand for what they have been doing and sooner or later, it will stop and their economy will go into free fall. What implications does this have for the rest of us? I predict that what is now cheap for us will become expensive and we will look elsewhere causing the China bubble to collapse

Clete I fully agree . All this growth in China is completely an artificial result of a massive stimulus program centered in the cities . The rural areas that could use things like homes with earthquake protecting rebar are being ignored even as one area after another exposed the potampkin village nature of the Chinese prosperity .

Further ,the Chinese economy is dependent on a free spending Western consumer base ,and I don't see that happening now .Even in recovery more of our expendable income will be tied up paying for the nanny state entitlement obligations. The Chinese have no choice but to create an expanding consumer class in their own country . But that would require a degree more personal freedom than they are inclined to allow their people to achieve.

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Originally Posted by tomder55

But that would require a degree more personal freedom than they are inclined to allow their people to acheive.

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Tom I think we have an out dated idea of what personal freedom is in China. The Chinese are restricted as to free speech and freedom of association, they don't seem to be restricted economically or in movement. The cost of travel is great and this may restrict them but they can come and go in many places just as freely as you or I. There are parts of the country that are virtual no go zones particularly to outsiders but this is military and the locals get by

How many of them really experience this so called freedom ? They don't have a consumer class yet that can support their economy.

I hear the whole Olympic village is a ghost town .

By the way, The Goracle has expanded his carbon footprint and bought himself a nice little property with a view of the rising oceans.

9 bathrooms huh ? Does he enforce the Cheryl Crowe guidelines in paper usage ?