Goldman Sachs & Company
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.


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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Nov 25, 2015
President Barack Obama, accompanied by Pulitzer Prize winning Iowa writer Marilynne Robinson, arrives to the State Library of Iowa in the Ola Babcock Miller Building, Monday, Sept. 14, 2015, in Des Moines. (AP Photo/Andrew Harnik)

On the day before Thanksgiving, we talk with Marilynne Robinson – one of America’s greatest authors, thinkers, moralists — about fear and hope in a hard, frightening time.

Nov 25, 2015
Three of baker Renee McLeoud's delicious pies, on display in the WBUR studios. (Robin Lubbock/WBUR)

Bring your appetite! We’re gathering around the radio table with three chefs and new Thanksgiving recipes.

Nov 24, 2015
An archival image of a McKinley - Hobart Presidential Campaign Poster from 1896. (Public Domain / WikiCommons)

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Nov 24, 2015
This photo made from the footage taken from Russian Defense Ministry official web site Monday, Nov. 23, 2015 shows fuel tanks  hit during the attack of Russian warplanes in Syria. Russian warplanes on Monday attacked oil extraction, transport and refinement facilities in areas controlled by Islamic State militants. (AP Photo/Russian Defense Ministry Press Service)

ISIS, Inc. The terrorist organization is raking in billions –from oil, grain, antiquities, and taxes. We look at how to break the ISIS bank. Plus, Turkey downs a Russian plane. We’ll have the latest.

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