Monday, April 19, 2010

Free Market Terrorists without half-tons

Goldman Sachs, "assholes" is too gentle a word:

The Securities and Exchange Commission filed a civil fraud suit on Friday that essentially says that Goldman built the financial equivalent of a time bomb and then sold it to unwitting investors.

Essentially after building up the subprime market, they bet on it's collapse and reaping even more profit out of it.

That's your FREE market in action.


DrDick said...

And folks wonder why I am a socialist.

pansypoo said...

i wouldn't do vegas for the same reason. i'm investing in ebayables.