The fact that these are not criminal charges has me concerned and wondering. Civil charges can be resolved quickly with enough money and keep bad GS PR out of the media. This is also one way for the government to fund its socialistic policies.
Criminal charges would be fought tooth and nail by all defendants. If something was done illegally, someone should go to jail. It seems that this is at least partially politically motivated and that the case may not be all that strong.
GS top management are wealthy, politically influential democrats suddenly facing civil charges from an organ of the Obama regime. This smells like a rope-a-dope where GS plays the evil capitalist financial company brought to justice by our heroic young president. The headlines will help pass the Poseur’s statist financial reform and lure the gullible into thinking the administration is cracking down on those responsible for the financial crisis.
After financial reform passes, with plenty of loopholes for GS, this story will end with a small civil fine, perhaps a mid-level firing or two and GS will go back to business as usual. One thing is for sure; nothing will be done to GS which would endanger their ability to fund the Democrat party.
Yes, it sounds like it might be a political shakedown (not that GS is not worthy of everything they're getting).
I wonder if this is just the shot across the bow with criminal charges pending; unless, of course, certain campaign contributions are made.
We do have an election coming up shortly, don't we?
Of course. This is all about Obama trying to show the left-wing base that he is not in the pocket of the banks.
Not true of course but this is just a short-term scheme cooked up by the WH and likely GS itself to try to light a fire under left-wing activists in advance of Nov.