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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