This whole Goldman Sachs derivatives fraud thing is complicated. So complicated that the news media has been struggling to explain it. Last night on The Daily Show, Jon Stewart went looking for some good explanation from the media and found instead clumsy metaphors and inapt analogies.
I think I found a clip that explains the whole thing pretty well. Here's Gene Wilder and Zero Mostel explaining Goldman Sachs' scheme:
So the short version of Goldman Sachs' fraud; they were selling Springtime for Hitler to unwitting investors. The details are a little different, but that's the broader idea... [CLICK TO READ FULL POST]
I think I found a clip that explains the whole thing pretty well. Here's Gene Wilder and Zero Mostel explaining Goldman Sachs' scheme:
So the short version of Goldman Sachs' fraud; they were selling Springtime for Hitler to unwitting investors. The details are a little different, but that's the broader idea... [CLICK TO READ FULL POST]
