The other incorrect portion of that is the commentary on Oil. As per my post in the commodities thread, what is asserted in this article is not what caused $4 gas prices. GS simply housed the accounts of the Speculators that were able to have unlimited longs due to being classified incorrectly as commercials by the CFTC.
However, I do agree on the general premise that life is an insiders game and GS definitely one of the insiders.