Originally Posted by Mr. Bill
Yeh, the other thing is that that was a fairly lame investigation of Goldman's reported there. A couple "risk analysts" who seem mildly retarded trying to comment on sophisticated global finance. You can't count on the SEC, Barney or Dodd, or all the administration insiders from Bush and the Obama (Corzine included, Obama can't afford to see him indicted now either) who secretly still owe their allegiance to Goldman.
All of his various personality and moral lackings aside, I would like to see some shareholders group or public interest group or the like hire Spitzer to do a little analysis or maybe serve as counsel with an independent group. He has his uses. Yep. I know he is the biggest arsehole east of the Mississippi but he has been brought down several notches so I dont see any need to ban him from public service. If he had had wind of Madoff he would have dealt with it. The SEC however was given direct knowledge of Madoff several times over and chose to look the other way based on "priorities."
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Originally Posted by Mr. Bill
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GS and Fannie. A marriage made in hell. The number of ways that the public could (and have) get hurt is endless. This is mindboggling but the government is only raising concerns about loss of tax revenue. We are talking about letting the guys who securitized the crap that brought the world economy down do massive busines with Fannie which created the crap to be securitized.
I am telling ya.
Until you hang some of these people it will not stop. Oh, why dont we just go back to creating a Consumer Protection Agency to hand out brochures on what to look for in a financial product.
Frigging Goldman should have a restraint order put out against them to keep them from even speaking to Fannie, not entering into billion dollar deals. That should be one of the conditions of their probation.
Don't even mention Barney and Dodd to me at this delicate time.
Goldman in talks to buy Fannie tax credits: report - Yahoo! News