UPDATE – And yes, he was an excellent prankster, an attention seeker not a trader.
The Rastani Moment – Well done. More believable than the traders you lampooned.
But let’s look at some of that content.
The power of Goldman Sachs is utterly undeniable – its representation in Obama’s cabinet – from the earliest days – is stunning. Were I a financier Id be in awe of what they’ve gotten away with it!! His (overdone!) shark-ish attitude was precisely the thing which drove the SPM and CDF fiascos that led to the 2008 crash. The film Inside Job describes *how* the bankers did it. Precisely that attitude to selling (whatever cost (deferred)). And they’re doing it again – because our governments have REWARDED that bad behaviour. And for those in the game, it doesn’t matter whether the markets go up or down, they live off gambling well.
This is why it’s right to regard most financial trading as merely a big game. And right that it be highly regulated so real people don’t suffer!
And with the severest penalties for companies who get too big and for politicians who enable them.
Free-market capitalism has just about enslaved all humanity. We must break the chains of this most cruel and deceptive ruler.