I’ve been racking my brain for the easiest way to get people to understand what GS did.
The best I could come up with was Mel Brook’s “The Producers.” They purposefully tried to create the worst play ever, lose their investors money and pocket the proceeds.
Its not much of a stretch to suggest that Abacus 2007 was Goldman Sachs’ “Springtime for Hitler.”
Here’s how I would cast this:
Nathan Lane …….. Max Bialystock …. Fabrice Tourre (GS)
Matthew Broderick.. Leo Bloom ……. Lloyd Blankfein (GS CEO)
Will Ferrell ……. Franz Liebkind ……. John Paulson (Paulson & Co)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.