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Inevitably it dumped Element of its holdings and sponsored a brand new trust, the Shenandoah Corporation, issuing hundreds of thousands a lot more in shares in that fund — which in turn sponsored yet another belief known as the Blue Ridge Company. In this manner, Every investment decision rely on served for a front for an limitless financial commitment pyramid: Goldman hiding driving Goldman hiding driving Goldman. From the 7,250,000 Preliminary shares of Blue Ridge, 6,250,000 have been actually owned by Shenandoah — which, not surprisingly, was largely owned by Goldman Trading.
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Rubin was the prototypical Goldman banker. He was in all probability born inside a $four,000 fit, he had a experience that appeared completely frozen just in need of an apology for staying so much smarter than you, and he exuded a Spock-like, emotion-neutral exterior; the sole human experience you could imagine him encountering was a nightmare about getting forced to fly mentor.
In any case, to me It really is a great excuse to maintain my PS2 underneath my Television. Website visitors often request why it's there, and whenever they understand the answer, we end up firing it up and enjoying lots of their previous beloved arcade game titles.
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In truth, at the least $13 billion with the taxpayer funds specified to AIG inside the bailout eventually went to Goldman, this means which the lender produced out over the housing bubble two times: It fucked the investors who purchased their horseshit CDOs by betting from its have crappy solution, then it turned around and fucked the taxpayer by building him pay off those self same bets.
And Again, although the entire world was crashing down all within the lender, Goldman produced confident it was doing just wonderful inside the compensation department.
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