Comments on: Why Goldman didn’t see the SEC suit coming

By: jstaf

jstaf — Wed, 21 Apr 2010 03:08:24 +0000

Nice to see some justice, it is the ancient and only cure for a society deceived by leaders and cheated by bankers. It is a shame, going to be hard to change so until we invent and honest with no greed pill then we need to try to create ever more effective regulators so that markets can be trusted.

Once you have trust then money flows, jobs are created and society prospers, we did it the last century with a safer system to provide financing for businesses and individuals, we need a safer and different set of tools that are up to the task of modern markets.

Moving the CDO’s to Vegas would be a step in the right direction also so that money can be invested in companies instead of hedge funds in bank clothing.

By: Ghandiolfini

Ghandiolfini — Tue, 20 Apr 2010 15:43:41 +0000

So the World’s future is dictated by 5 people, one of which turned on her own ?

By: rootless

rootless — Tue, 20 Apr 2010 12:03:37 +0000

Dan Hess:
Ha ha ha ha. Oh Ron Paul has really had a lot of influence over Republican governance. What a sense of humor.

By: Storyburncom_is

Storyburncom_is — Tue, 20 Apr 2010 11:08:27 +0000

Apparently, GS was negotiating with the SEC and then, right in the middle of the negotiations, the SEC files this suit. So, it sounds like GS knew the SEC had an issue.

By: HBC

HBC — Tue, 20 Apr 2010 05:43:35 +0000

If it’s really as political as some are suggesting, those two Republicans are in for one hell of an IRS audit.

By: DanHess

DanHess — Tue, 20 Apr 2010 03:29:41 +0000

Perhaps there is a narrow point there, in terms of the SEC.

But still it has to be said that Wall Street’s greatest friends in Washington are Democrats, starting with Chucky Schumer and the New York delegation. Chris Dodd is running a close second.

Get ready for Wall Street reform, written by Wall Street, like we had health care insurance reform, written by the insurance industry. Oh, joy.

By: howard7

howard7 — Tue, 20 Apr 2010 02:48:02 +0000

DanHess, what he means is that the gop when in power has systematically appointed regulators who have no interest in regulating, whereas sometimes the democrats do appoint regulators who have an interest in regulating.

this is empirical observation, not shameless politicking.

By: DanHess

DanHess — Tue, 20 Apr 2010 02:05:37 +0000

To suggest that Republicans are cozy with banks and Democrats mean the sheriff is keeping order is shameless politicking.

Larry Summers, Bob Rubin and Barney Frank tower above almost everyone else (Alan Greenspan excepted) as authors of the present global travails.

The two figures I can think of who would take the severest stance toward banks (by ending the Federal Reserve policy of interest rate charity and undemocratic wealth transfer to banks) are Ron Paul and Mike “Mish” Shedlock.

By: IanFraser

IanFraser — Tue, 20 Apr 2010 00:21:59 +0000

This one is very good. Keep it up.

By: ericinaustin

ericinaustin — Mon, 19 Apr 2010 22:18:08 +0000

I think “a chairman desperate to look tough in public” is the wrong way to characterize this.

How about “a chairman finally willing to do her job”

EricinAustin