http://www.businessinsider.com/henry-blodget-congressional-hypocrites-were-betting-against-stocks-as-country-collapsed-2010-5
What's that smell?
Oh just a little conflict of interest.
Goldman style, is a bigger disease than it's being given credit for.
Country, clients.....same difference.
They both got used, and paid for the privilege of it.
Remember all that scorn in Congress about evil shortsellers betting against America and bringing the country down?
Well, it turns out Congress-people did it, too. And they used derivatives to do it, which they now say they abhor
And, yes, most of the folks here were just betting against stocks, not actually selling stocks short. But it's the same idea. To use their own tortured, populist logic, they were betting against the country and their 401k-holding constituents!)
Read more: http://www.businessinsider.com/henry-blodget-congressional-hypocrites-were-betting-against-stocks-as-country-collapsed-2010-5#ixzz0n4Fnk8S0
