Thursday, December 11, 2008

Goldman betting against States and Muni's...

Remember when Erin Burnett over at CNBC made the asinine suggestion that shorting financials (like Goldman, Citi, JP Morgan, etc.) was "Unpatriotic."

Well after reading what Goldman's been up to recently (advising its clients to buy CDS exposure against Municipalities...ie bet that states will go bankrupt) I wonder if Erin still stands by her very childish "unpatriotic" statement? Methinks not, but these CNBC personalities are truly shameless, that's why I came up with the logo:

I'll discuss this article and others in more detail, but I gotta go to sleep.

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