Rebutting Goldman Sachs’ RebuttalIf you’re tired of the Goldman Sachs/Matt Taibbi-related string of posts on this blog (“Great ‘Legs’: Taibbi on Goldman Sachs“; “Goldman Sachs, Culprit“, “Goldman Sachs’ Nine-Plus Lives”) . . . you’ll want to skip this. However, if you’re not, here is Taibbi’s reaction to the highly orchestrated, very sophisticated PR effort mounted...Read More
Taibbi’s Article: Great ‘Legs’ If online articles were ranked the same way as newly-released (music) singles, Matt Taibbi’s scathing attack on Goldman Sachs in the current issue of Rolling Stone (yup, Rolling Stone) would be number one — with a bullet. If it were a new movie, you’d say Taibbi’s article has ‘legs.’ If you...Read More
Reason Not to Lie #37 Lying is hard, telling the truth is easy. By definition, every good Realtor juggles: multiple clients, dozens of showings, lots of parallel deals at varying stages. It’s hard enough keeping all the details straight and presenting them coherently to your client(s); not tripping yourself up in a web of lies...Read More
Fraud Catches Up to Ex-CEO Judge orders Scrushy to pay $2.8B to shareholders –Headline, The Associated Press (6/18/09) An Alabama state judge just ordered Richard Scrushy, former CEO of HealthSouth, to pay shareholders billions in connection with fraud committed at the rehabilitation chain between 1996 – 2002. Scrushy’s chutzpah extended to the courtroom: during one...Read More
Didn’t Lock? Wait, and Hope for the Best Nice piece exploring the potential fallout from this week’s dramatic spike in mortgage rates (Potential Consequences of 5.5% Mortgage Rates). Although I think it’s premature to entertain all the negative consequences — after all, it’s possible that rates may drop as quickly as they popped — the...Read More
Hollywood Couldn’t Come Up With This Stuff “The AIG bailout, in effect, was Goldman [Sachs] bailing out Goldman [Sachs].” –Matt Taibbi, “The Big Takeover”; Rolling Stone (3/19/09) “Here’s the dirty little secret . . . most of the stuff that got us into trouble was perfectly legal. And that is a sign of how much...Read More
