Goldman-Speak for “Mug” Too-big-to-fail firms have become loss transmitters and accelerators to the rest of the system. –“An Ex-Goldman Partner Lets Loose on Wall Street“; Time (2/2/2010). Hmm . . . “loss transmitter and accelerator??” By the same logic, I suppose that the recent, devastating Haiti earthquake was “a focused diffusion of geologic energy.” Or...Read More