Comments on: Obama’s SEC war against Goldman Sachs

By: Keithva

Keithva — Fri, 30 Apr 2010 15:18:29 +0000

How about stopping SEC employees from sitting all day viewing on-line porn at the taxpayers dime.

By: Keithva

Keithva — Fri, 30 Apr 2010 15:17:53 +0000

I find it interesting that the Govt is going after this company when it was the government that provided the subprime loans to the market to begin with. When will Barney Frank and Chris Dodd take the stand that explain their role in this mess along with Freddie Mac and Fannie Mae?

Oh I’m sorry. It’s the Govt and they do nothing wrong.

Let’s vilify everyone unless they are Uncle Sam since we can trust them with everything in life.

I’ll take my chances in the wilderness!

By: donsal

donsal — Fri, 23 Apr 2010 18:30:42 +0000

If the socalled do-gooders in congress were really serious about financial reforms, they would fire half of the SEC staff, then fully investigate Fanny and Freddie with no holds barred. That includes putting the spotlight on Barney Frank and company!

By: Capndiesalot

Capndiesalot — Wed, 21 Apr 2010 12:26:08 +0000

The SEC as an agency is a complete failure. Throughout its financial history, since 1933, it has FAILED in its MANDATE to protect investors from “abuse” by financial manipulators.

The Easiest Solution is to DISSOLVE the damn agency, and TELL EVERYONE that You’re on your own! Personal Responsibility needs to be reasserted throughout our society.

Congress blocked the types of legislative changes that would have minimized the Mortgage issues that created this nonsense. Democrats willingly made laws that would lead to this disaster. The SEC DID NOTHING! and now they want to blame Goldman Sachs, who spent millions on lobbying the same legislators who are now getting off Scott-Free from their primary role to creating this crises.

By: lezah2

lezah2 — Sun, 18 Apr 2010 19:03:51 +0000

I am amazed at comments like, “Good for Obama. Finally attacking Wall Street.” How can people be so naive? This administration, whose tactics are from Southside Chicago, may be playing a little CYA…they realized the amount that Goldman contributed to the Obama campaign would be used in future elections and so they decided to bring a very weak case against Goldman, probably with Goldman’s knowledge, so they could cover up Obama’s coziness with some Wall Street firms. No amount of trickery from this administration would surprise me…they are just not trustworthy. They have totally destroyed my faith in the Democratic party ethics. I have been supporting and defending the Democratic party for decades. I no longer can do that…sadly.

By: DanHess

DanHess — Sun, 18 Apr 2010 18:32:20 +0000

I am a conservative and a Republican and I find Goldman’s behavior disgraceful and repugnant. I am glad that the SEC is finally bringing some charges. Half or more of Goldman’s profits stem from corporate welfare in the form of interest free borrowing. They are not a shining model of free market capitalism to defend. There are many better businesses.

Look at the SEC’s Khuzami as he explains the case. The charges are simple and clear.
http://blogs.reuters.com/rolfe-winkler/2 010/04/17/questions-for-khuzami/

Still, it is unfortunate that Obama and his group of gangsters will probably use this as cover to try to ram through another partisan bill to the detriment of the country.

My advice to Republicans is to get ahead of this with a good plan for reform. Derivatives need to go on exchanges because otherwise they are too risky. The American people are in favor of Wall Street reform about 99 to 1 right now, and it would be unfortunate if Republicans blew their gains on health care by appearing to side with Wall Street.

By: BRUVIE

BRUVIE — Sun, 18 Apr 2010 16:51:57 +0000

This is not, “Jimmy Boy”, O’Bama’s war against Goldman, but the peoples.

By: HBC

HBC — Sat, 17 Apr 2010 16:19:26 +0000

If major felonies have a way of pushing anti-crime reform to the left, and if for some reason you don’t like that, then maybe you really ought to be having a word with your right-wing idols about not committing quite so many felonies.

Meanwhile, coming to brass tacks with Goldman – bring on the FBI. That should sort things out right quick. Or are they too far left for you, too? Please let them know if that’s what you think.

By: jbchitown

jbchitown — Sat, 17 Apr 2010 15:42:02 +0000

I have an idea lets hold our government accountable for once. I don’t see them going after fannie and freddie because that would implicate their lack of understanding of the financial markets. How can the most irresponsible people with no accountability have this much power!

By: yr2009

yr2009 — Sat, 17 Apr 2010 13:54:21 +0000

There shouldn’t be things like too big to fail, too well-connected to be thrown to the dogs, and too sophisticated to be understood.
Keep it simple, and fair.
It’s a fact of life that WS institutions depend on the public, and on the Government, and therefore they should abide rigorous standards applied to government agencies.