enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, April 18, 2010

Posted 4/18/2010 01:45:00 PM by Douglas

I'm really sick of hearing about government bailout and "too big to fail" bullshit. Especially now that the facts are starting to fallout. Take Goldman Sachs for example. They got $10 Billion from TARP and now the details of how they got there. Check out the details on page seven of this bad boy:

"More and more leverage in the system, The whole building is about to collapse anytime now…Only potential survivor, the fabulous Fab[rice Tourre]…standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!"

Not to defend the fabulous Fab, but he's clearly being prepped to be the sacrificial lamb. But still, how can the organization say they didn't see it coming, and how can they take the money with a straight face.

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