Don't you just love it when they dip into each other's pockets?
According to the complaint, Goldman Sachs essentially designed an investment that was designed to fail, then made money when it did. Lovely.
One of these days we're going to stop admiring the geniuses who grease the economy. I suspect that it's just a giant shell game where they move our money around and get rich doing it, but then I just don't have the sophistication to understand any of what our titans of business and industry are really up to.
Friday, April 16, 2010
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