I love Mr. Lewis's book "Moneyball", and his latest commentary from bloomberg is quite an entertaining one on some supposedly Goldman Sachs rumors.
Rumor No. 1: “Goldman Sachs controls the U.S. government.”
Rumor No. 2: “When the U.S. government bailed out AIG, and paid off its gambling debts, it saved not AIG but Goldman Sachs.”
Rumor No. 3: “As the U.S. government will eat the losses if Goldman Sachs goes bust, Goldman Sachs shouldn’t be allowed to keep making these massive financial bets. At the very least the $11.4 billion Goldman Sachs already has set aside for employees in 2009 -- $386,429 a head, just for the first six months -- is unfair, as the U.S. taxpayer has borne so much of the risk of the wagers that generated the profits.”
Rumor No. 4: “Goldman employees all look alike.”
Rumor No. 5: Goldman Sachs is “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
I enjoy his explanation to rumor No. 2 the most.
The full article is at http://bloomberg.com/apps/news?pid=20601039&sid=a2X3hNaWcbeg
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