Reply #15: I may have outrage exhaustion...

[JackRiddler]

Hell, I've been outraged since the 1980s S&L plunder in which the biggest fish of all went unpunished - but at least there were 1,000 convictions back then.

Again, I don't consider myself the least special for knowing where the derivatives bubble was headed back in 2005. Wiser observers than I explained it to me, I was merely smart enough to understand the logic and the parameters and why it was inevitable.

I assure you, I'm outraged over the fixes and frauds that set up this crash, from the issuance of guaranteed to fail loans at the bottom through securitization all the way up to the CDOs and CDSs and the repo and ratings agency and bailout and account-keeping frauds. And it won't be enough to punish Goldman only - if Goldman even gets punished. We probably agree.