Jeff Matthews has a very interesting and amusing column posted today that is worth your time to read in full.
New-New Gettysburg Address
Four or five years ago our Investment Bankers helped bring forth on this continent, and around the world, a new banking system, conceived in Leverage, and dedicated to the proposition that all persons working for Investment Banks can create enormous Wealth for themselves with almost no Risk except to Taxpayers.
Now we the Investment Bankers of Goldman Sachs are engaged in a great Scam, testing whether that Nation of Bankers can get paid without Tipping Off the Taxpayers to that Scam.
We have come to cash our checks.
It is altogether fitting and proper that we should do this, for we have Houses in the Hamptons requiring upkeep.
But, in a check-clearing sense, we can not Cash Our Checks so long as AIG cannot make good on the credit default swaps we purchased to Hedge our Leverage. Thankfully, the brave men of Goldman who struggled to Attain Positions of Power in Treasury and the White House have consecrated it, far above Barney Frank’s poor power to detract from our AIG Contracts.
The Small Investor will little note, nor long remember, how completely screwed He got, but we the Investment Bank of Goldman Sachs can never forget what they did to provide us this cash. We thank them for the $8 billion Their Government is paying to AIG in order to Make Us Whole.
We here highly resolve that The Little Investor shall not have died in vain — that this nation, under Goldman Sachs, shall have a new birth of Leverage Without Risk — and that government of Goldman, by Goldman, and for Goldman, shall not perish from the earth.
Well, Yes, I Am Making This One Up
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