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Goldman Sachs Presents “The Producers” (Abacus 2007)

Posted By Barry Ritholtz On April 16, 2010 @ 2:21 pm In Derivatives,Legal,Regulation | Comments Disabled

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 [1].” 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)


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[1] The Producers: http://www.imdb.com/title/tt0395251/

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