14 August 2009

Goldman Says Curbing Speculators May Disrupt Markets

Well, isn't that special, Goldman Sachs thinks that we as a society owe them the right to rape us:
Goldman Sachs Group Inc., the bank that makes the most money from commodities, fixed-income and currency trading, said attempts to curb speculation may be “disruptive” to energy markets.

“The role that is played by non-traditional participants such as index investors and other financial participants often has been mischaracterized,” Don Casturo, a Goldman Sachs managing director, said today at a Commodity Futures Trading Commission hearing in Washington.
Somehow, I think that your being hung from a lamp post when the revolution comes would be more disruptive.

Unfortunately, it appears that Timothy "Eddie Haskell" Geithner and Lawrence "Never Right in the Real World" Summers largely agree.

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