"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Rubes’ Gold in Sacks
Submitted by Jad Davis on Mon, 2012-04-16 00:00
in
" It’s one thing, after all, to dishonestly shill your investment products to the public at large. As Taibbi has demonstrated, that’s been the Goldman way. But it’s something else entirely to acknowledge that the members of your own client base are the same breed of rubes who typically get stuck with the tab as your bad transactions migrate downstream into the public coffers."
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