The Ultimate Goldman Sachs Metaphor Reel (VIDEO)

Are you confused by the recent bombshell civil fraud charges leveled by the SEC at Wall Street mega-firm Goldman Sachs? Can't tell your collateralized debt obligations from your mortgage-backed securities?

Well, today is your lucky day! Taking a cue from our Best Goldman Sachs Fraud Metaphors slideshow, we've gone through the entire past week's worth of cable news (and even a little C-span from back in January) to find the most coherent, concise, and clarifying metaphors and analogies uttered on television, all to help you go from ignoramus to expert on the Goldman Sachs case in a convenient 5 minutes.

WATCH:

Video produced by HuffPost's Ben Craw

Comments

[PS9]

08:04 PM on 04/26/2010

Is it me or is Dylan's head about to explode?

[Giverny]

11:08 AM on 04/26/2010

Another item to look at. These banks do not want to modify loans for homeowners when they have PMI. If the mortgage fails, they get the insurance and get to sell the house also. They can have their cake and eat it too. This being added to the rest of the mess.

[Davidrj54]

10:31 AM on 04/26/2010

It Does not mean if a Lie is Covered with another lie for forty years it becomes the Truth. Americans do not want to catch the bull by the horn, metaphorically speaking. Most of the world out side USA do not think America is in Financial Mess, they know America's Fake Economic Game is O V E R. We are playing End Game now. YouTube - Irreversible Financial Meltdown - Adrian Salbuchi, The Global Ponzi Scheme pt.1/2: http://bit.ly/cRZXFp
Hope Americans will be able to see clearly what the people outside America can see. It is Now clear the 2008 Financial Meltdown is Postponable but it is Not Reversible. The day of Reckoning may be disguised but it will come. www.buyerbeaware.blogspot.com

[ragtag]

09:35 AM on 04/26/2010

The best line I've heard is "selling home insurance to an arsonist" (paraphrased)

A big thumbs down on the new page structure BTW. Just because you can change something doesn't always mean you should...

[LuckyBlessed]

04:43 PM on 04/25/2010

Here's my analogy; Reminds me of Tue morning board room meetings, "are we long? are we short? are we hungover?"

[breakingpoint]

01:02 PM on 04/25/2010

GoldmanSachsAreScum
http://jischinger.wordpress.com/2009/11/07/utter-fraud

[Spruce gum]

11:51 AM on 04/25/2010

So GS has connections everywhere Yes/No? Who believes GS was unaware of the SEC charges? KEEP CONNECTING THE DOTS Here's my question:
HOW MUCH MONEY ARE THE PARASITES RUNNING GS MAKING FROM THE SEC CHARGES??????

[LuckyGrad68]

09:52 AM on 04/25/2010

Congress is just doing what it always does best. Deflecting the finger away from itself. But there's little need to look for fraud with them because for the most part it's all been made legal. Do you know who passed a law that forced banks to put a certain color of people in houses banks knew they couldn't afford?
There are thousands of idiotic decisions like this being made by both sides of Congress.

[Peter007]

11:48 AM on 04/25/2010

here are the FNMA rules in 2000.

http://archives.hud.gov/news/2000/pr00-317.html

[gageeandbaba]

09:19 AM on 04/25/2010

good example of what is really wrong with our Media. next BREAK UP THE MEDIA COMPANIES!!!

[LeeCalif]

05:22 PM on 04/24/2010

GoldmanSachs is Obama's largest financial contributor.

[Beatriz09]

09:00 AM on 04/25/2010

No it isn't, the largest is the University of California.

http://www.opensecrets.org/politicians/contrib.php?cycle=Career&type=I&cid=N00009638&newMem=N&recs=20

And if you compare the list of the 20 largest financial Obama contributors to the same list for John McCain (http://www.opensecrets.org/politicians/contrib.php?cycle=Career&type=I&cid=N00006424&newMem=N&recs=20) , the difference is VERY clear:

in the case of John McCain, there are a lot of banks (including Goldman Sachs, on the 4th place) who donated, in the case of Barack Obama there are much more universities.

If for example we compare the top 5 of each list:

McCain:
1. Merryll Linch
2. Citigroup Inc.
3. AT&T Inc.
4. Goldman Sachs
5. Morgan Stanley.

Obama:
1. University of California
2. Goldman Sachs
3. Harvard University
4. Microsoft Corp.
5. Google Inc.

[gageeandbaba]

09:19 AM on 04/25/2010

exactly! But they will believe their own "facts" provided by who?

[wonmean]

10:10 AM on 04/25/2010

Ouch. That's a justified slap in the face.

[Furby2]

01:48 PM on 04/24/2010

Analogy not required. GS ripped off its country in the biggest case of government sanctioned fraud in recorded history, with the support of corrupt politicians. This is a reminder to "the people" that there's no free lunch and that education is their best defense. The people were held accountable for their greed and short sightedness, now it's time to hold the banksters accountable too. It's not that hard to understand and shouldn't be treated as if it was. Everybody got greedy so everybody ignored the many warning signs that the bubble was going to burst, everybody except GS that is.

[Giverny]

11:16 AM on 04/26/2010

When you design an instrument that will pay you regardless of whether it loses or gains, it tends to tell you that you are playing games. Listening to previous employees of Goldman Sachs tell us the economy is in recovery is as humorous as seeing them still selling these split sub-prime mortgages and saying everything is fine. We need reform badly and as long as they sell these loans, they will be creating another bubble. Five years from now when those loans began to balloon, we will all be wishing it had been reformed now.

[stvstreett]

12:41 PM on 04/24/2010

they've been doing the same thing w/ war commentary for 50 yrs. comparing it to baseball ,football. the thing is though...sports are a game, war is death, but its cute the way talking heads debate it.

[Greyfox01]

12:38 PM on 04/24/2010

Don't you love it .......! Can't you feel the warm fuzzy feeling boiling up in your pants now that Goldman Sucks is back on top and telling the world that the economy is in recovery. You can tell someone is in recovery because those to are dishing out $30,000 a month to rent a high-rise apartment in New York City are coming out to purchase that new $250,000 Bugatti, or having their kitchen remodled for a tidy soom of $100,000. With gasoline prices nearing 2007 levels so far, we should all feel comfortable knowing that the stimulate $$$$ the public use to bailout the Wall Street stock holders is being put to good use. Thank you Goldman ...... but just one question; what is the smell?

[zentoro]

10:43 AM on 04/25/2010

Exactly!

[liberalOrgonian]

11:59 AM on 04/24/2010

I believe the anger from the public stems from no one being held accountable.
Bush, not accountable for a illegal war, cheney, not accountable for his lies, Rummy, not accountable, Rove not accountable, Torture, no one is held accountable, Black water not accountable and still receiving fed $$$$, country bankrupt, no one is accountable, Businesses and jobs gone, no one is held accountable, talk of death panels, no one is held accountable, revolution and hate talk, no one held accountable, Insurance Co with their profits and disregard for life, not held accountable.
Treaties broken, no one is accountable, illegal wire taping, republican lying to the public, no one held accountable. Fox misinformation and hate speech, no one held accountable. Arizona's law to take away human rights for one group, accountable? Anyone?
Banks making $hit loans, not accountable.
Need I go on..

We LOST rule of law during the Bush era.
AND, We call this American exceptionism?

[2cruse]

08:46 PM on 04/24/2010

You said it! Thank you liberalOrgonian. You are so right on it makes me feel good knowing you're here in the US of A.

Rock on!!!

[liberalOrgonian]

12:16 AM on 04/25/2010

fanned for leaving such a nice message.
friend, glad you are of like mind.

[G52]

05:05 AM on 04/25/2010

Incredible! Responsibility is a beach! Reagan, the repeal of Glass Steagal, and the final solution of arrogance under Junior, have made this an, "everyone for themself" crapshoot! There needs to be BIG changes and smaller banks.

[Kevin Atlanta]

11:53 AM on 04/24/2010

With purchase of the White House the Corporate Communist Republican Cults of Jesus, doing "God's Work." to quote Goldman Sachs is the most accurate I've heard. Build a religion and spread it fast and convince yourself thievery and fraud are central to the Dogma... Tithe your 10%.