Civil charges negotiated between plutocrat speculators and financial vampires and lickspittle facistic wannabee libs. Ho Hum
Is John Paulson any relation to Hank Paulson?
The fact that these are not criminal charges has me concerned and wondering. Civil charges can be resolved quickly with enough money and keep bad GS PR out of the media. This is also one way for the government to fund its socialistic policies.
Criminal charges would be fought tooth and nail by all defendants. If something was done illegally, someone should go to jail. It seems that this is at least partially politically motivated and that the case may not be all that strong.
My guess: Goldman has been doing the “crony capitalism” thing for years, happily watching as the SEC and FINRA destroy many many smaller firms. Well, they are now learning that the govt monster isn’t easily appeased and always turns on its “allies.”
No love lost for Goldman. They are reaping what they have sown. That said, this blatant thugocratic strong-arming of another huge chunk of the public sector is terrifying...
Is there a link to a story (or stories) on FR about the history of the mortgage mess/ Like stories of the Clinton DOJ forcing banks to make these loans; or any links to the youtube videos about the hearings?
Thanks.
I think GS used to be very good at making money by following the rules. When it become too difficult to make as much money following the rules they decided it was no longer necessary to follow the rules. I happen to believe that greed is good as long as it is held in check by ethical behavior.
The list, ping