“Don’t GS Me, Man!”
By Barry Ritholtz - April 19th, 2010, 2:30PM
Afternoon humor, gathered from around the web:
The term “GS”, now entering the popular lexicon as a verb, meaning to lie AND make money from doing so, as opposed to “BS” – which is just to lie without the benefit of compensation.
-Richard Ambrose
~~~
There once was a man named Tourré
He toiled for The Squid night and day
At Paulson’s request
He created a mess
And sold it to bank IBK-Joshua Brown
~~~
Burning Documents Create Giant Smoke Plume over Goldman Sachs
~~~
With apologies to John Collins Bossidy
And this is good old Gotham,
The home of the rich and the odd.
Where Morgan talks only to Goldman,
And Goldman talks only to God.-Andrew Stanton
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April 19th, 2010 at 4:02 pm
remembr they only did 1 deal, whats the big deal anyways? nobody cares about ethics anywayz
April 19th, 2010 at 7:17 pm
“Don’t tase me bro”
April 19th, 2010 at 7:39 pm
I’m just watching this f’n icelandic volcano and think C’mon Taleb! We get it, we get it. Gonna have to hear him lecture us about the probability of the impossible again, layered with geologic history…
Now turn off the volcano already…
April 19th, 2010 at 8:18 pm
I especially like how more and more people are using the appellation “The Squid” to refer to GS.
April 19th, 2010 at 8:43 pm
A semantic quibble perhaps but lying and bullshitting are not really synonyms: The former involves telling an untruth (more or less) consciously while the latter involves telling a story but indifferent to whether it is true or not.
As Harry Frankfurt argued in his book, On Bullshit, [The bullshitter] “does not reject the authority of the truth, as the liar does, and oppose himself to it. He pays no attention to it at all. By virtue of this, bullshit is a greater enemy of the truth than lies are.”
GS is a useful addition to the lexicon because it clarifies the distinction Frankfurt sought IMO: The Goldman Sachs sales force neither understood the instruments they sold nor cared, they were indifferent to the truth value of their stories but, in addition, had the clear intent of gaining pecuniary advantage.
Nice (and a fitting legacy for the vampire squid).
April 20th, 2010 at 11:26 am
All Kidding aside: GS has to go down – they got caught on the rail – it’s just a matter of time when – that’s what happens when someone gets “galvanized” in the press doing wrong – after a disaster…it is that simple