Gaming the System – The Foundation of the U.S. Economy

The status quo not just incentivizes gaming the system, it has made it the primary way to get ahead in today's economy.

Gaming the system is not just encouraged--it has become the foundation of the U.S. economy. Without it, the status quo will implode. Goldman Sachs gamed the system to package guaranteed-to-default mortgages and present them to buyers as AAA-rated "safe" investments yielding a high return, while selling a hedge fund derivatives which were a bet against the mortgages. The hedge fund helped GS select the most likely to default mortgage tranches to raise the probability that their bet (going short) against the mortgages would rise to essentially guaranteed profitability.
Full article at: U.S. Economy

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