Quote:
Originally Posted by JustRalph
Cohn was for a carbon tax? And other Dem policies?
Good riddance!
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Cohn was also the mastermind of the mortgage backed guarantee charade that eventually resulted in the 2007-08 financial meltdown that crippled the economy here and around the world.
He was the one that also went on TV regularly telling the financial community what a wonderful, modern and safe product it was -- all at the same time as his partners and assorted gonifs at Goldman Sachs were shorting the bonds and those institutions that Sachs sold them to.
Then the market crashed Goldman's main 'partner' AIG went nuts, declared bankruptcy and refused to pay back Goldman claiming 'partners' shouldn't be on the opposite side of the same product they sold them and traded on.
Cohn and Sachs later convinced the stupid and corrupt members of Congress to bail out AIG, et al, with US tax payer money - the sucker of last resort.
Cohn became a billionaire and a 'free' trade expert to all the smarty pants and experts here, on Wall Street, and in the media.
Good riddance! is correct.