"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

"It is clear that the minds are the most important part of the universe, and that everything was established for their sake; that is, in choosing the order of things, the greatest account was taken of them; all things being arranged in such a way that they appear the more beautiful the more they are understood."

G. W. Leibniz

Today's Elites

Sunday, February 07, 2010

More Goldman Sachs Bedtime Stories

Today's NY Times reports that Goldman did everything in its power to bring down the mortgage backed derivative securities market to put the squeeze on AIG to pay off its gamble that the mortgage valuations would collapse. Of course, anyone not drunk on the hype that mortgage values never collapse, foresaw that exactly what Goldman bet on was in fact inevitable.

Therefore the contents of this article completely gives the lie to the oft repeated line by a supine media "that no one could have known that the markets would crash." In actual fact, Goldman not only knew but did everything to make that happen, including inducing its partner in crime Paulson to grovel for more loot, on bended knee, crocodile tears and all, before a scarified congress. What a sordid, shameful con game these "honorable men" have foisted upon us rubes.

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