by RobertM | Thursday, March 04, 2010
For those of you who haven't seen The Still Report on youtube, you should do yourself a favor and check it out (I admit I'm late getting to the game as well). At the 2 minute mark, Bill Still (the Producer of The Money Masters) points out how Goldman has 333 times the amount of derivatives bets than their assets. This may have changed somewhat since the video was produced in November '09 but the fact remains that our banking system is broken and needs major reform.
Check out the whole Still Report series on his channel at youtube and see if you agree with me that he's on the right track. Feel free to flame me in the comments if I'm wrong.
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