This may be the greatest liveblogging of anything ever.
"You knew it was a shitty deal and you didn't tell your clients," Levin tells Sparks. "Does that bother you at all?" Sparks goes down the Reagan route in his defence: "I don't recall," he says.
Oh wow, this is delicious. I wish I could keep up with Levin here, who is greatly enjoying repeating the phrase "shitty deal".
Daniel Sparks is currently wishing he'd done medicine like his parents wanted him to. But oh no, he had to be clever and go work on Wall Street.
Also:
Watching people in a room leafing through bits of paper not exactly the most riveting TV in history since Frost-Nixon interview or Nick Clegg's last debate.
"Were you approached by Graywolf?" asks McCaskill, sounding like she's reading lines from an upcoming X-Men movie staring Hugh Jackman's father.
Otherwise, this is getting repetitive. Who's next? Mark Pryor, Democratic senator from Arkansas, who pokes Sparks again over the bank's responsibility to inform its clients about the bank's trading activities. But compared with Levin's bite, this is like being savaged by a dead sheep. In this case, a not very bright dead sheep.
Kinda in love with Levin, for the record.
Posted at Dreamwidth: http://seperis.dreamwidth.org/14509.html. | You can reply here or there. |
Bwahahaa! That is awesome.
And I have always assumed this is even more true on Wall Street where one is truly 'swimming with the sharks', as the saying goes.
This doesn't mean that I believe Goldman Sachs were honestly unaware of what they were doing: it only means that evil, like violence, is usually the result of fear.
Granted, it's hard to sympathize with the the job stress of people who make millions in bonuses, but that is a different matter, and I believe a much more relevant one than detailing yet one more tale of greed gone wrong.
So... an easy way to regulate Wall Street and corruption in corporate America?
Impose a limit of say... $200,000 maximum annual financial compensation, including bonuses, options etc. for everyone regardless of job title or industry. That will take care of all the overweening greed and corruption which are destroying the country.
/my two cents
Of course
Bonus: most companies will end up with a much better bottom line (as well as more job openings).
OH GOD. :D