Here is an example of how powerful a blog can become and how the power has shifted to the individual with a public purpose from corporate interest with a private purpose.
When Goldman Sachs - a big Obama bailout recipient, considers a lowly blogger dangerous enough to issue a cease and desist letter, something has to be up. The claim against the blogger by Goldman Sachs' lawyers seem to be that his posts "violate several intellectual property rights" and "imply" he has "a relationship with the bank."
The blogger apparently has an explicit disclaimer on the site saying he is in no way associated nor sanctioned by Goldman Sachs. So there goes one claim. As for intellectual property of GS one can only imagine what they might be talking about. Could the intellectual property this blogger is abusing the intellectual honesty Goldman Sachs had shown through their involvement in AIG and the sub-prime fiasco?
I don't htink they are merely bullying this blogger. I htink they are genuinely afraid of what he may say that is informative and helpful to the public about what went on and how GS participated.
Goldman Sachs is another of many newly minted corporate welfare cases they are living and surviving on taxpayers hard earned money through bailout bucks. This is happening while American workers and investors have been sold out due to the self-interested decisions in such corporations and banks. A touch of humility is called for - not just continuing hubris.
I am rooting for the blogger and anyone else who wants to take on these Bastards of the Universe. The mess we are in today is due largely to the personal and corporate greed and the breathtaking indifference they showed to the common good. These are values they shared with the Bush White House. Together they have put the economies of the world in this mess.