5/03/2010

The Lame Street Journals are praising the showing Lloyd Blankfein of Goldman made last night on......(get ready, this is super big) The Charley Rose Show, the one watched by hundreds of people almost every night. Just to let you know, Lloyd just made things even more complicated than they are. Explain Credit Default Swaps. How about Credit Default Obligations? Tranches? Securitization? Blankfein simply showed himself as just one more wonk with a Master's Degree who will fool ya with data about nothing.