Wednesday, 8 June 2011

the '08 crash was just a drama, boo-hoo

Recently, in my 'too big to see their peewee' article, I agreed with
some other wise bloggers that the author of the TBTF book
which became a big tv movie, A. Sorkin of the NY Times, was whitewashing the crash.
BUTT, It is I who has figured out that he was
light on the crash facts
so that he could get the sweet book deal to
set himself up for life:
Royalties,
the best parties that bankers
can throw,
which means two things, mainly-
coke and whores!

Here's my proof on Sorkin:
It turns out Sorkin, a 'journalist', is already
sucking hard, and turning into a shill for Goldman.
for that, Matt Taibbi trashed him in Rolling Stone:

-Cos67 ¬(%^D>
checkitout:
http://www.rollingstone.com/politics/blogs/taibblog/andrew-ross-sorkin-gives-goldman-a-rubdown-20110607
The Times' Andrew Ross Sorkin Gives Goldman a Rubdown[that's a polite word for it- Cos67 xD]
I've been trying not to say anything bad about Andrew Ross Sorkin. I even made a point of not watching Too Big To Fail so as not to get upset -- and when I heard from friends that the film turned Hank Paulson into Joan of Arc, that decision seemed to have been validated.

Now I’m bummed to see that Sorkin has written an elaborate defense of Goldman in the New York Times "Dealbook" section, arguing among other things that Lloyd Blankfein probably did not commit perjury and that the bank did not have a huge directional bet against mortgages in 2007. As evidence, Sorkin cites unsubstantiated Goldman documents and Goldman sources who claim, among other things, that the bank had $5 billion worth of long bets on MBS "in other parts of the company," offsetting the now-notorious "Big Short."

The Sorkin piece reads like it was written by the bank's marketing department, which may not be an accident. In November of last year, the New York Times announced that "Dealbook" was entering into a sponsorship agreement with a variety of companies, including ... Goldman, Sachs. This is from that announcement last year: