It made a lot of Goldman Sachs execs rich....even richer than they were before. It seems that with the Statute of Limitations governing fraud and the economic collapse of 2008 rapidly approaching, it's now-or-never time for the Justice Department to either prosecute Goldman or walk away. They're walking away. They say they don't have enough hard evidence to prosecute.
By all accounts Goldman has been sweating bullets over this one. I say Goldman's lawyers are better at hiding things than the government lawyers are at finding them. Goldman has already paid Rockefeller-sized fines for their shady dealings, but they just paid the fines and didn't have to admit guilt. There was a reason they accepted that plea bargain. This is that reason. (Uncle Sam...I think you were just "out lawyer'd"!)
Party time in the Hamptons!
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It's party time in Dallas, too. After yesterday's record 108 degrees, today's 96 seems downright cool! Yea! ;)
S
Those boys at Goldman are hard working but there is no question it is all about greed...
ReplyDeleteFunny how we paid all that money to bail out the stock market to avoid an economic collapse and while the stock market went on to record highs the economy remained stagnant. So maybe they overstated their importance a little bit?
ReplyDeleteI beleive Goldman also has more than just a little influence in the current White House.
ReplyDeleteToo bad; I'd really like to see some sentences handed out.
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ReplyDeleteCheck out my blog post - read what they said about it