When the credit-default swaps shit hit the fan a couple of years ago the Devil's own investment bank, Goldman Sachs, had a problem. They had insured their insane investments through AIG using their insane investments a collateral and AIG was busted.
If the natural course of free enterprise was followed then Goldman Sachs would have had to write off their bad debts and all of their executives that had come to expect massive Christmas bonuses as well as those elaborate parties where the still warm blood of virgins was drunk would have had to tighten their belts for a season or two.
Fortunately for Goldman Sachs they had an obsequious minion named Timothy Geithner at the New York Federal Reserve Bank. The Fed put up the money so virgin blood could continue to flow and conspired with AIG to cover up the transactions because satanic covens are best held in secret.
Standard Disclaimer: Goldman Sachs is the most wonderful, most perfect company in history. I worship Goldman Sachs as I would only the greatest demon spawn of Hell.
Thursday, January 07, 2010
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