Thursday, June 21, 2012

Goldman Sachs: Fool me once…

I recall an account of the lead-up to the 1929 crash mentioning that Goldman Sachs had created layers of shell companies whose notional values were calculated according to their vast inventories of one anothers’ worthless shares. Goldman Sachs was also a major player in the 2008 clusterfuck. Makes me think that, like Diebold, they ought to start marketing flaws as features. Here I imagine that, like MetLife, GS licenses the beloved “Peanuts” characters from the estate of the late Charles M. Schultz.

No comments: