22 July 2009

Wow Very White of Them

It appears that after the obscene profits, generated by risk taking that is being bankrolled by an implicit federal guarantee, Goldman Sachs has deigned to accept the US Treasury's price offer on the sale of their stock warrants. (See also here and here)

I think that someone there realized that when people were referring to them as, "That great vampire squid wrapped around the face of humanity,*" that it was time to throw a few crusts to the peasants government of the United States of America.

As a result of their unprecedented generosity, the chattering classes are once again singing their praises.

*Alas, I cannot claim credit for this bon mot, it was coined by the great Matt Taibbi, in his article on the massive criminal conspiracy investment firm, The Great American Bubble Machine.

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