Put Your Money Under the Mattress
January 13, 2010 at 3:35 PM Leave a comment
Apropos of my post about savings account interest rates (such as they are), there’s this: A Good Case for Putting Money Under the Mattress:
To translate, what [Lloyd] Blankfein [the CEO of Goldman Sachs] is saying here is that Wall Street brokers really don’t have any greater responsibility than used car salesmen, and if they can convince someone — a professional, he clarifies — to buy a lemon, well, joke’s on them, and the seller wins that round. This is just a game to these guys. Trouble is, they all played so badly that the entire country — even those with no interest in Wall Street investing — suffered the fall.
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