Full story here from ZeroHedge. Ah the avuncular face for the Vampire Squid…yes that will soothe many hearts as wallets are picked clean.
“The latest plot by OCTOsquared (the Octopus and the Octogenarian, well, technically Buffett is still 79 years young, but give him a few hundred days until August 1, 2010) is to take advantage of CIT’s bankruptcy by poaching thousands of small and medium business clients. The timing, of course, could not be more opportunistic. Bloomberg reports that “Goldman Sachs Group Inc., under fire in Washington for setting aside billions of dollars for bonuses a year after getting a taxpayer bailout, is preparing to team up with billionaire investor Warren Buffett to provide assistance to small businesses, said people familiar with the matter.” This so-called “charitable effort”, which is nothing but a vulture scheme to take advantage of yet more market dislocations and have the octopus grow a few more tentacles in its endless quest of financial monopolist supremacy, will of course be spun as indicative of the dynamic duo’s endless humanism. That the squid will have the backing of the greatest US cheerleader in recent history (else those written index puts may rear their ugly head once again), biggest TARP beneficiary, and the largest Goldman shareholder, is also not all that surprising. (more…)