4/27/2010

Financial Hearings

I'm on a break but listening to the "testimony" in defense of the Goldman selling tactics of their "crap" deal, I'd say Goldman is now effectively out of business. Nobody will ever trust this crew again, they are high pressure salesmen who when confronted by clients that the product Goldman is offering is "crap" refuse to tell the truth about the Goldman shorts. Liars. This is a real body blow to the entire capitalist system as being practiced by Goldman, the biggest investment bank in the U.S. Foreign customers, especially the biggest banks in the world, will never trust an American investment bank again. This no longer a source of humor for me. The world cannot trust American financial system, is a horrible deal.