Caught Between a soul in every stone unturned under the inexhorable Goldman's Sack
Richard Fiero
rfiero at gmail.com
Mon May 3 00:05:25 CDT 2010
alice wellintown wrote:
>. . .
>Wall Street is smart. Most people are not smart.
>
>How do we protect the dumb and dumber from the Smart Wall Streeters?
>
>We can't.
. . .
Oh let me just begin to count the ways:
Lehman
Bear Stearns
Enron with just about every investment bank and several equity firms
acting as cheerleaders and on the take.
Bankers Trust (often called bonkers trust) was innovative in
derivatives similar to Goldman:
"[what[ Bankers Trust can do for Sony and IBM is get in the middle
and rip them off--take a little money.'' The employee then added:
``Let me take that back. I just realized that I'm being filmed.'' In
another conversation it was found one employee remark over P&G's
deals as ``This could be a massive huge future gravy train.'' Even
the tape showed that a few employees were having fear about the
destiny of BT ``fears of SEC probes.'' ``This wave was always...made
up of polluted water,'' one said. The other replied ``as soon as we
quit selling dynamite, maybe we'll have a good business.''
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