The NEW Illustrated Guide to Mendacity and Folly in the 21st Century.
Posted on | August 3, 2009 | No Comments
Financial Times: Wall Street profits from trades with Fed “You can make big money trading with the government,” said an executive at one leading investment management firm. “The government is a huge buyer and seller and Wall Street has all the pricing power.” A former official of the US Treasury and the Fed said the situation had reached the point that “everyone games them. Their transparency hurts them. Everyone picks their pocket.”
TIME: Too Much Profit at Goldman and Morgan? Rolling Stone writer Matt Taibbi … calls the firm a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Bloomberg: Goldman Sachs Lawyer Charged With Soliciting Girl (Update2)
Goldman Sachs Attorney Caught Trying to Do to a Teen What Goldman Is Doing to All of Us [Crime]
Todd Genger, a 33-year-old attorney for Goldman Sachs, was arrested yesterday for soliciting an undercover cop that he thought was a 15-year-old girl. That’s criminal. Reaping billions in profit from surreptitious taxpayer bailouts, however, remains perfectly legal.
I saw the Gawker article with its reference to Gordon Gekko from WALL STREET and all I could think of was a lizard soliciting a 15 year old As the article continues: So much for the vaunted reputation of Goldman’s army of Ivy League geniuses: “If Genger did indeed get into sexy IM chats with someone he believed to be 15 years old, he’s a colossal idiot on top of being pervert. Because when you think you’re chatting with a sexy underage girl on the internet—it is always a cop. Jeez.”
Ya gotta wonder. Then again–what else could be more in keeping with the reptilian company that gamed the US into GIVING it profits?
We’ve reached the slow season folks and this cartoonist needs some time off desperately to take care of other business so for the month of August, we will be publishing Mondays only.