The Serpent Swallows Its Own Tail

Goldman Sachs and the SEC settled the great big fraud charge at a dollar amount of $550 million just now.  The regulators get to claim victory while the Eloi get to continue their frolic atop the fluffy clouds of privilege and untouchability.  Nobody admits wrongdoing, rightdoing or frankly, admits anything at all for that matter.

The image that comes to mind when I think of this battle is that of a serpent swallowing its own tail, like the mythological Ouroboros of the ancient Egyptians.

Let’s do a quick civics course for those who’ve lost track…

There are three branches of government in the United States – Wall Street, Hollywood and the Military.  Every once in a while, their courtesans in Congress feel the need to “tax” these firms for either actual dollars or for reasons of reputation and appearances.

So in this era, with trillions of dollars in wealth demolished and incinerated, the big case was finally brought to serve as a symbol that “someone on Wall Street was gonna pay.”  Two government appendages, Goldman and the Commission, faced off in conference rooms and before the cameras on Capitol Hill.  After months of wrangling, they came to an agreement that allows shareholders and regulators alike to carry on business as usual and hold their heads up high.

Just as I predicted would happen, word for word.

Remember kids, crime never pays, but institutional influence and deep pockets can absolve you of anything.

What's been said:

Discussions found on the web
  1. celebrity sex dolls commented on Sep 25

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]

  2. krypto 4 live trading commented on Sep 30

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]

  3. app-bitcoinloophole.com commented on Oct 03

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]

  4. Hire Online web Development in Canada commented on Dec 15

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]

  5. 메이저놀이터 commented on Dec 25

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]

  6. Regression Testing commented on Jan 19

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2010/07/15/the-serpent-swallows-its-own-tail/ […]