Wall Street suspects Goldman charges 'not coincidental' to financial reform effort

New York Post ^ | April 16, 2010 | KAJA WHITEHOUSE

[opentalk]

Wall Street is more than a little suspicious of today’s charges by the Securities and Exchange Commission, which has accused Goldman Sachs of lying to investors about who was really behind junk mortgages securities it sold to clients.

Barclays banking analyst Roger Freeman comes right out and blasts the SEC effort as “a well-timed, and perhaps not coincidental, effort to sway some on-the-fence Republicans” to get tough on financial reform.

....He says Senate Finance Committee Chairman Chris Dodd has targeted a vote on the Senate bill for April 26, “and given the short span of time between now and the end of the month, we are not surprised to see the stepped up support for the bill.”

[opentalk]

Article now linked at Drudge Report.

Titled: ABUSE OF POWER? Wall Street suspects GOLDMAN charges 'not coincidental' to financial reform effort...

[mad_as_he$$]

Duh! How much do they pay these geniuses?

[Tijeras_Slim]

Their next bonus should be a couple good hard licks with a “clue bat.”

[opentalk]

Fannie and Freddie are not included in this reform bill.

[rockinqsranch]

With HCR almost all of the financial system, the Economics of the US would be controlled by the Left. This is a major part of the Leftist plan to grab, and secure POWER for themselves forever. Perhaps that’s quite a statement, but IMO that’s what they are up to.

[pepsionice]

The trouble is that if the evidence is true...then Goldman Sachs and their buddy...screwed up big-time. The most you can say about the ‘not coincidental’ thing, is that the administration held out on the charges until they were ready to go forward on the reform bit.

If I were a Goldman Sachs client...having observed this mess...I’d probably start to review my account and find a more trustworthy company to manage it.

[Kansas58]

Goldman Sachs is a DEMOCRAT outfit, Republicans should be informing the public of this fact!

[opentalk]

This will move more power to the executive branch. Soros has been pushing this. The use of SEC and Goldman just before vote, all the more reason to squash it

[moehoward]

"The trouble is that if the evidence is true...then Goldman Sachs and their buddy...screwed up big-time. The most you can say about the ‘not coincidental’ thing, is that the administration held out on the charges until they were ready to go forward on the reform bit."

Finally prosecuting these firms may be the only "reform" we ever see.

[reaganator]

Wall Street is not the problem, the liberal radicals now in control of the federal government who are out to plunder and destroy Wall Street and everything pertaining to Free Market Capitalism is the problem.

When the enemy of this nation does to Wall St, what they did to the mortgage industry, what then?

Their goal? Very simple if you apply the fact that the are radicals from the 60’s, they want to end America’s economic and military supowerpower status. You know, what keeps America safe and prosperous.

Obama, Biden, Pelosi, Strickland.....They are the enemies of this nation!

Just saw a ad for Democrat Lee Fisher here in Ohio, he had to throw the evil Wall St. in it, he will fight Wall St. for the little guy! All Democrats will have the evil Wall St. theme. The real greed is with those in the federal government.

Who is John Galt?

[opentalk]

I remember reading, Dodd created this bill and would not allow any republicans involved in the process.

[boycott]

Same thing happened with healthcare.

The big bad insurance companies just stood by and let the government take over. All government did was assure the success of big bad insurance companies.

The premium increases the insurance companies in California had in the heat of the debate were STAGED. hussein was hand-fed help from the insurance companies.

The insurance stock didn’t keep going up because obamacare was bad for business.

The financial reform is all a fraud too.

[opentalk]

from Dick Morris article

--This legislation, essentially, confers on the federal government police powers that, under our system, are the exclusive preserve of state and local government. The blank check the bill gives the feds to take over any financial institution is really more of an exercise of eminent domain than it is an extension of traditional federal regulatory power. --

link

[DrC]

“The insurance stock didn’t keep going up because obamacare was bad for business.”

It’s certainly true that if the administration had been serious about their claims of trying to foster greater competition, they would have permitted insurers to compete across state lines. That was not in the interests of the insurance companies who generally are quite happy with their tidy arrangement of having “captured” state regulators to ensure less competition than might otherwise prevail if health insurance were more like auto and life insurance.

[screaminsunshine]

They will have to gin up another crisis so they can rush it in before November when they get thrown out.

[Nachum]

Wall Street suspects Goldman charges ‘not coincidental’ to financial reform effort

[Nachum]

The list, ping

[ExTexasRedhead]

With this kind of Government, how could healthcare be anything but a roaring success?

http://www.youtube.com/watch?v=ssl5yb7FewA&sns=fb

[Tzimisce]

No!?

You mean that Obama is playing politics?

Who’d of thunk it?

[McGavin999]

So, how much did those Wallstreeters pay to get Obama elected? Can’t help but wonder if they got their money’s worth.