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.....Goldman pooh-poohs the notion that complete transparency in markets creates accurate prices.Instead, the bank argues that an over-the-counter market in which big traders like Goldman get to do deals in the shadows in “dark pools” without the retail investor having any knowledge of what the hell is going on is somehow better for everybody, that this somehow produces better prices. Of course the reality is that the two-tiered system creates one pool of fools whose every movement is visible to every animal on the Serengeti, and another pool of giant bloodthirsty carnivores who get to walk around invisible, picking off the dik-diks one by one.
Everyone I showed this to had the same reaction — “I can’t believe they said this out loud.”
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October 28, 2009
Goldman Sachs keeps investors in the dark
Mushrooms grow in the dark and feed on shite, much like what Goldman does to their investors and the public in general.
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Busting Out The Joint
ReplyDelete"Just like in GoodFellas, the gangsters have busted out the joint, and
now there’s nothing left of what used to be a fine establishment.
I remember quite clearly walking home in 1990 after seeing
“GoodFellas” and wondering why such obviously clever people as the
gangsters portrayed in the movie would resort to crime to get ahead.
Why not just apply that cunning to legitimate work, and make a
legitimate living—even a legitimate profit.
Now I know where all the gangsters went: They went to Wall Street.
http://www.zerohedge.com/article/guest- ... -out-joint