(Cartoon via robsright.com)
Just a quick elaboration on my last post, with a twist coming from the video that Kelly just put up.
Andrew Ross Sorkin went on Colbert the other night and gave a much more vivid explanation of the deceptive wheeling-and-dealing that Goldman (and as we're learning, many other banks, as well) practiced. Where my explanation of the deals captures in only the most limited way the nastiness of GS's ways, Sorkin gives a much better explanation:
They were building cars [for which] they thought, or hoped, the brakes wouldn't work, and then [were] buying funeral homes that they thought would pay off later.
Oh, how simple, and effective, and affective. Wait, am I talking about Sorkin's explanation, or Goldman's ruse?
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