Tuesday, April 27, 2010
The Dual in Congress Today
After watching the Goldman Sachs Senate hearings today I came away with the impression that I was watching a dual. An intellectual dual between two opponents, only one of which was actually armed with a brain - with predictable results.
The PROBLEM was not the Goldman traders! They were doing what they were supposed to be doing. 100% of the trades discussed today were ZERO SUM TRADES. For every winner there was an equal and opposite loser. Only the unsophisticated nitwits running the hearing and perhaps a couple percent of their constituents believe that there was no one on the other side of these trades! Or that the folks ON THE OTHER SIDE were unsophisticated widows/orphans.
If this is the tack that the government is going to take, we are all doomed. Rather than fix the really f&*^ed up system, the government appears to wish to make an example out of a few unfortunate individuals and let the system keep grinding the American people into the cement.
Way to go, Senators.
Posted by The Short Story Man at 1:14 PM