First They Came for the Criminal Investment Bankers…
Tim Cavanaugh | April 18, 2010
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The Securities and Exchange Commission’s civil action against Goldman Sachs is a certified crowd-pleaser, and based on two iron principles — that you never argue with the audience’s taste and that everybody who has ever worked for Goldman Sachs needs to be executed without trial — it’s probably not something we should be disputing too heavily.
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Why do I feel this is kabuki?
Is Goldman Sachs now playing the role of the New York Generals? Or the Boston Shamrocks, New Jersey Reds, Baltimore Rockets, or Atlantic City Seagulls. Or any one of another patsies? Playing to the Securities and Exchange Commission’s Harlem Globetrotters!
We KNOW that Goldman Sachs is wired to the administration through little tax-cheat Timmy G.
We KNOW that Goldman Sachs has been “fronting” for the FED to allow them to appear to sell Treasury securities while buying them back the next day. Thus they are monetizing the debt. This is exactly what the Chinese fear. It’s hiding inflation.
We KNOW that Goldman Sachs has been manipulating the commodities markets. Specifically, the gold and silver markets. This could only happen with the CFTC and European participation.
So now you want me to believe that the SEC is going to take Goldman Sachs to the woodshed on trading losers to others knowing that the residential market was going to fall out of bed.
Please don’t make me laff!
Sorry, but I think this is “regulatory theater”! “Made-off” gave the SEC a black eye. And, Dodd’s “reregulation bill” is being laughed at. So some kabuki is in order to fool the Sheeple into believing in big gooferment again. So let’s trot out our captive resident Freddie Kruger and have the valiant SEC bureaucrats do battle to slay this dragon.
Goldman Sachs will probably plead out and be fined. And, the SEC will probably allow them to pay the fine with Confederate States of America Banknotes.
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