“WE SOLD A PRODUCT CALLED ‘OXYGEN-1′ … THAT ACTUALLY HAD NO OXYGEN.”

“WE’VE SOLD OUR CLIENTS A LOT OF SHIT OVER THE YEARS, BUT TO SEE THE GOP BEAT THE SHIT OUT OF US IN HEARINGS, AND THEN BET AGAINST FINANCIAL REFORM ON THE SENATE FLOOR … WELL, THAT’S  NOT SYNTHETIC, BUT PURE UNADULTERATED BULLSHIT.”

“WHEN IT COMES TO CREATING CDOs — COLLATERALIZED DOODY OBLIGATIONS — WE’VE REALLY GOT AWESOME POWERS.”

“WE KNOW THAT AFTER WALL STREET USES THE BAILOUT MONEY FOR DRUGS, THEY’LL JUST CUT IT INTO LITTLE PIECES AND SNORT-SELL IT TO YOUR GRANDMOTHER.”

Mr. McGuire: I just want to say one word to you – actually, it’s four words.
Ben: Yes sir.
Mr. McGuire: Are you listening?
Ben: Yes I am.
Mr. McGuire: ‘Synthetic Collateralized Debt Obligations.’
Ben: Exactly how do you mean?
Mr. McGuire: There’s a great future in Synthetic CDOs. Think about it. Will you think about it?
Ben: Yes I will –but wouldn’t ‘plastics’ actually be less toxic than Synthetic CDOs?
Mr. McGuire: Shh! Enough said. That’s a deal.

================================================================================

More on Goldman Sachs with Michael Winship at BuzzFlash: What Hath Fraud Wrought?, and  Gather.com with  Ten Things You Didn’t Know About the Goldman Sachs Fraud Case.

“WE SIMPLY TOLD OUR INVESTORS THAT ABACUSES WOULD NEVER GO BUST, SINCE THEY WOULD BEST TRACK THE SLIDE THE REST OF OUR INVESTMENT PRODUCTS CAUSED THE ECONOMY.”

———————————————————————————————————————————————

Lisa Casey on the real Gold Standard for a Sack of Shit.