Intentionally design a car with faulty brakes...

[Kurt_and_Hunter]

I don't remember who offered this analogy of what Goldman Sachs was accused of yesterday, but it is both accurate and memorable.


1) Intentionally design a car with faulty brakes.

2) Manufacture and sell the car at a profit.

3) Take out life insurance policies on everyone you sell a car to.


(The accusation is that Goldman created securities they knew would fail, sold them to suckers and then placed side bets that the securities would fail.)

[NYC_SKP]

1. I think that's a great analogy, but....

Please don't give other industries any "ideas". :sarcasm:

Seriously, I've never known a time when there have been so many bloodsuckers allowed to run amok.

And then to go, thus far, unpunished.

:mad: