Oh OH rats turning on rats what is going on?
Somebody was amused by Obama and thought he should be grateful- “thank you very much”.
Rush is so predictable, took him like three sentences to get off topic and start railing against Obama.
Why a civil lawsuit and not a criminal lawsuit? Could it be that the Obama administration is looking for cash to fund its programs? Is this a sign of things to come?
EVEN gold {gld} DROPPED!
I’m not sure what point Rush is making here. Does he think that Wall Street had nothing to do with the financial meltdown? Does he really believe that Goldman Sachs has agreed to act the part of a bad apple to make the rest of the innocents on Wall Street look guilty so that O can get his financial regulatory plan passed?
Rush fundamentally misunderstands the gist of the SEC allegations against Goldman. They are not being blamed for profiting from the market meltdown, but for creating a financial IED, then selling it to its unwitting clients.
According to the SEC Goldman Sachs (the most liberal firm on the Street) colluded with liberal hedge fund billionaire John Paulson (a friend of George Soros) to create a Collateralized Debt Obligation (CDO) that was meant to fail so they could sell it short and profit. They then marketed and sold this ticking fiscal time bomb to unsuspecting clients who lost their shirts while Paulson’s profits were in the billions. Goldman generated millions in fees on both sides of the deals and hundreds of millions more on their own shorts.
This is fraud on a massive scale. They perpetrated a similar fraud when they helped Greece hide its true debt ratio through currency and interest rate swap deals, then sold Greek bonds to their clients who were in the dark as to Greece’s true fiscal problems.
No one on the right should be defending these leftist vultures.
Congress Has 43,457,362 Reasons to Help Goldman Sachs
http://abcnews.go.com/Blotter/Blotter/story?id=5891663&page=1&page=1
Congress Has 43,457,362 Reasons to Help Goldman Sachs Embattled Firm and Its Employees Spread Millions Around Washington in Donations and Lobbying Expenses 95
Not all their money has gone for mansions and Ferraris. Employees of Goldman Sachs are listed as a top contributor to 55 separate members of Congress. (ABC News Photo Illustration)
The embattled Goldman Sachs investment banking firm and its employees have spent more than $43 million dollars on lobbying and campaign contributions to cultivate friends and buy influence in Washington, D.C. since 1989, according to an ABC News analysis of campaign finance records compiled by the Center for Responsive Politics.
As a group, Goldman Sachs bankers have been the country’s top political campaign contributors this year and have given $29.5 million in contributions since 1989, according to the Center. “They are almost in a class by themselves,” said Sheila Krumholz, the executive director for the Center for Responsive Politics.
“Their top executives are in a class that is way above the clout and name-dropping that most other American businesses can achieve,” says Krumholz.
(Excerpt) Read more at abcnews.go.com ...
“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.”
-P. J. O’Rourke
Goldman Sachs bankers are also the number one contributors to the Barack Obama presidential campaign, giving $691,930 to his campaign in this cycle, according to the records.
Things that have no real value tend to drop when the puppet master is revealed.