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Goldman Sachs CEO and Chairman Lloyd C. Blankfein, left, and JPMorgan CEO James Dimon testify before the House Financial Services Committee in February. (AP)

Goldman Sachs CEO and Chairman Lloyd C. Blankfein, left, and JPMorgan CEO James Dimon testify before the House Financial Services Committee in February. (AP)

The big banks of Wall Street almost took down the American economy. They came very, very close. Millions of Americans are still living every day with the consequences.

But last week, the banks — Goldman Sachs and JP Morgan Chase in the lead — announced record rebounds in profit. Giant pre-crash-scale bonuses are slated to follow.

For a public that just opened its treasury and took on many billions in debt to save the banks, this is hard to swallow.

This hour, On Point: Goldman Sachs critic Matt Taibbi of Rolling Stone, Goldman consultant Charles Ellis, and the battle over the banks.

You can join the conversation. Tell us what you think — here on this page, on Twitter, and on Facebook.

Guests:

Matt Taibbi, contributing editor at Rolling Stone magazine. His article about Goldman Sachs, “The Great American Bubble Machine” (its subtitle: “From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again”), appeared in Rolling Stone’s July 9-23 issue.

Charles Ellis, founder and now senior adviser of Greenwich Associates, an international strategy consulting firm he founded in 1972. His book, “The Partnership: The Making of Goldman Sachs” came out last October. He has been a consultant to Goldman Sachs for more than 30 years.

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ONPOINT
TODAY
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

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Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

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