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Saturday, April 17, 2010

Musings

Imagine that .... Goldman-Sachs games the system to make money:

Goldman Sachs Group Inc.—one of the few Wall Street titans to thrive during the financial crisis—was charged with deceiving clients by selling them mortgage securities secretly designed by a hedge-fund firm run by John Paulson, who made a killing betting on the housing market's collapse.

I once studied Rothbard's America's Great Depression in Voxiversity II. During the discussions, I remarked that Wall Street is very much centered on making money, rather than providing anything of value.

I guess this proves my point.

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