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To: dirtboy
You are pretending that GS was stupid to rely on AIG in the CDS market. GS wasn't stupid, it got paid just fine. You wish they hadn't been paid. You wish that lots of people welshed on their debts who didn't, and lots more capital was stolen from those who own it for deadbeats who do not. But your wishes are not horses. GS got paid, so what is supposedly reckless or stupid in anything they did?

You are measuring other means actions against a world that does not exist in which you own everything and are the tyrant of all policy and capital. We are all capable of doing the math and seeing what actions would work well in that fantasyland. But the rest of us are also capable of seeing that it is a fantasy of your own devising and not the reality in which we live, work, and act economically. Criticising other men as supposedly dumb for living in the real world, not between your ears, is flat stupid.

Goldman lives in the real world, and got paid just fine in the real world. This apparently bothers you. But calling them stupid for any of it, is merely pretending.

70 posted on 07/22/2009 12:46:16 PM PDT by JasonC
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To: JasonC
means = men's - typo...
72 posted on 07/22/2009 12:49:43 PM PDT by JasonC
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To: JasonC
You are pretending that GS was stupid to rely on AIG in the CDS market. GS wasn't stupid, it got paid just fine. You wish they hadn't been paid.

You are truly twisted and sick. GS only got paid because AIG got massive federal bailouts. GS did not perform any audits of AIG to ensure AIG could cover its CDS exposure. That is a failure of risk management.

I work with PII and SPII information. My company gets audited every year by our clients to ensure we are safeguarding the data properly. One would think that AIG would have done something similar with a company with $13 billion in CDS underwriting.

The fact that you cannot tell between honest business and bad business leading to a bailout speaks volumes about your pure depravity.

73 posted on 07/22/2009 12:51:25 PM PDT by dirtboy
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To: JasonC
You are measuring other means actions against a world that does not exist in which you own everything and are the tyrant of all policy and capital.

Excuse me? I am not allowed to be critical of the very folks who helped engineer the financial meltdown and then went to the government for massive bailouts to stay afloat? You truly are sick.

75 posted on 07/22/2009 12:54:40 PM PDT by dirtboy
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