Certainly the Supreme Being wouldhedge a little bit here and there, short his insurer if necessary — right?
But you do have to wonderjust who Lloyd Blankfein thinks the Supreme Being is…
bizness majors are soul damaged. they just se money. and more money.
So wouldn’t Goldman Sachs shorting AIG imply that the financial industry knew they were building a rather perilous home?
It is bad enough to think that they embarked on risky investments (like Credit Default Swaps and subprime mortgages) as part of some group speak.
But absolutely bereft of morals for them to intentionally enter the arena knowing that they were going to make massive short term profits and bail out as things failed (leaving the “little man” bankrupt) – especially as they had the govt in their pocket to bail them out.
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