Oh there is more to it. The put options (betting the stock price would go down) soared just before the announcement. Someone knew it was coming and someone is VERY guilty of insider trading over it too. I wonder if the SEC will actually do anything.
I’ll bet there is a very large group of lower ranking employees who spend 24/7 shredding documents. I’m convinced this is the biggest bunch of crooks to ever occupy the white house. Chicago politics has taken over.
“The SEC charges against Goldman Sachs are a ruse, a ploy, and
a smokescreen to get the Dodd financial reform passed.”
- Zubi Diamond
The bill fails to hold the multibillion dollar hedge fund short sellers accountable for their illegal market manipulations.
No, it’s not a political stunt at all.
But we would like to remind you of the “Business Reform” Act hitting the floor of the Senate this week. :D
The shredders in Rahm’s office will be working overtime tonight.
Well, considering they have ignored prior investigation requests, I don’t think anything will come of this. Obama will do the usual, ignore it and not even bother to answer the request.
Take the Congress and Senate in 2010.
Open investigations on this “Regime” in 2011.
Impeach and dispose of him by 2012.
The “new” use for Regime Change.
Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises "serious questions about the commission's independence and impartiality."
Just a coincidence, rather like the EPA classifying CO2 a pollutant just before the Copenhagen global warming meeting.
And of course the biased media won't even mention it to the Obama regime.