15. Yep ... remember how the traders always pipe up to defend their gambling habit?
"Every bet in one direction has to have a counter-bet in the other direction."
If the suckers (=Libyans in this example) have been encouraged to bet against the House, Goldman will be placing the counter-bet and cleaning up with the winnings (on top of the commission fees, etc., of course).
But any attempt to regulate or - dare I say it? - tax their unbridled profits is treated with horror at the "socialism" of it all ...
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