HISTORICAL HYPOCRISY IN GOLDMAN SACHS HEARINGS 04/28/2010


By Moody Adams
The charge against Goldman Sachs is they sold people investments they bet would fail. The Senators are vilifying the company for the practice. But this is mild compared to the way government sells lottery tickets to customers hoping to make money, when the government knows about half of their money will be lost. While the government flaunts the one winner all the rest lose all their money.

Goldman sold the investments "thinking" clients would lose their money. The government is selling lottery tickets "knowing" the clients would loose their money. If Goldman was guilty of stealing, the govenment is guilty of far worse stealing, from far more people--millions.

Both are in the business of duping their trusting clients to make all the money they can.

For one, the government, denouncing the other is hypocrisy on a public display of historic proportions.


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