metaphor between the infamous bank GOLDMAN SACHS and casinos where the house always wins.
with all its ex-employees dispatched into strategic positions at worldwide regulating institutions or governments, Goldman Sachs weaves its web of influence and intimidation against "counterparts" (not mentioned as "clients" anymore since the subprime crisis where SACHS was exposed as speculating against those same customers they sold advice and financial packages to);
Imagine you obtain some unworthy pile of things, sell some of it to gullible parts and then sell all the rest as if it was nothing to the masses, accelerating artificially and then effectively the devalue of the other pile of things you just sold at a full price to those trusty long time customers.
so yeah now they're not referred as "customers" anymore, just "counterparts", taking the universal ethical expectations out of the equation. Foolish fishes or badly wounded bears they gather in one room, making offers they cannot refuse, while brilliant young mathematicians are gambling like madmen in the next. "those two activities are completely unrelated" will they answer with a witty smile, you can almost hear "are you stupid to not differentiate the two?"
because yes the only humane aspect you can detect in this bloody mess of greedy decisions (they allegedly speculated on oil while seeing 9/11 happening at their windows) is the infuriating arrogance sweating every time someone has to respond for the bank's actions, in front of a court or electors for example.
Another long prime example of those practices, is the way GOLDMAN SACHS bought under the counter parts of the national Greek debt, accelerating its financial doom to ever and further, keeping them prisoners, drowning slowly into their masters shark's pool.
scary movie for sure. when you'll hear about pragmatic bankers genuinely shocked and revolted by the practices of other bankers, you will cannot help but wonder...
a production by Arte
with all its ex-employees dispatched into strategic positions at worldwide regulating institutions or governments, Goldman Sachs weaves its web of influence and intimidation against "counterparts" (not mentioned as "clients" anymore since the subprime crisis where SACHS was exposed as speculating against those same customers they sold advice and financial packages to);
Imagine you obtain some unworthy pile of things, sell some of it to gullible parts and then sell all the rest as if it was nothing to the masses, accelerating artificially and then effectively the devalue of the other pile of things you just sold at a full price to those trusty long time customers.
so yeah now they're not referred as "customers" anymore, just "counterparts", taking the universal ethical expectations out of the equation. Foolish fishes or badly wounded bears they gather in one room, making offers they cannot refuse, while brilliant young mathematicians are gambling like madmen in the next. "those two activities are completely unrelated" will they answer with a witty smile, you can almost hear "are you stupid to not differentiate the two?"
because yes the only humane aspect you can detect in this bloody mess of greedy decisions (they allegedly speculated on oil while seeing 9/11 happening at their windows) is the infuriating arrogance sweating every time someone has to respond for the bank's actions, in front of a court or electors for example.
Another long prime example of those practices, is the way GOLDMAN SACHS bought under the counter parts of the national Greek debt, accelerating its financial doom to ever and further, keeping them prisoners, drowning slowly into their masters shark's pool.
scary movie for sure. when you'll hear about pragmatic bankers genuinely shocked and revolted by the practices of other bankers, you will cannot help but wonder...
a production by Arte