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The Soviets liked to accuse people of economic "wrecking", but in a capitalist society, we generally do not accuse people of economic sabotage--intentional or o
by cynicalkane 17y ago
The Soviets liked to accuse people of economic "wrecking", but in a capitalist society, we generally do not accuse people of economic sabotage--intentional or otherwise--without a good reason, and we generally say people are free to fairly trade with one another unless there is a compelling reason for this not to be so.
In the case of GS, the SEC has uncovered a grand total of one CDO product which may or may not been sold in a completely fair way (independent observers seem to disagree). But hey, according to you all those securities regulations are probably "wealth destroying" anyway, so who cares if they were violated...