Wednesday, April 21, 2010

Goldman Sachs Conviction Buy List

There was I looking for news on the Goldman Sachs fraud case and I find this Goldman Sachs Conviction Buy List.

Is it about convicted bankers? Is it about bankers accused of fraud? Nope. It's about Goldman Sachs' tips of companies expected to outperform the market.

As Richard Adams put it, the fraud was all about selling fire insurance to arsonists.

Or as the chair of the US Congress hearings into the credit crunch said when questioning Goldman Sachs' own Lloyd Blankfein the bank was "selling a used car with faulty brakes and then buying an insurance policy on those cars".

Crooked. Crooked. Crooked. And unethical to boot. And that's how capitalism works.

Saturday, April 10, 2010

It's Absolutely True

Because I read it in the Daily Mail.

Dan and Dan's Daily Mail Song.

As someone once said: "I wouldn't wipe my arse with it".

And as Jo Caulfield said about the Express: "she's still dead".