Goldman Sachs has just effectively become the 4Th Branch of Government.
The hierarchy is as follows:
Executive Branch - Obama
Legislative Branch - Morons in Congress
Judicial Branch - Various Opus Dei Members
Goldman Sachs Branch - Blankfein and the Bailout Boys
The Fifth Branch:
BLACKROCK/PIMCO - Geithners Gang
This is a great article from Bloomberg.
www.bloomberg.com/apps/news?pid=newsarchive&sid=a7HGVAn8w73Y
Basically we have many Wall Street Sycophants waxing poetically about how great GS is.
Lets see.
NO MERRILL LYNCH
NO BEAR STEARNS
NO LEHMAN
Morgan Stanley which was forced to deleverage is really a shell of its former self. They no longer take any risk at the Moose.
Anybody can make money when you are effectively bank rolled by the government.
Yes...Its that easy.
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