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.
Dogcaller, you are absolutely correct. Half the finance guys in the Obama administration are ex-GS. This has been the case for decades, dating back to FDR. The revolving door between GS and the Feds is why GS is often referred to as "Government Sachs."
GS is a deadly nest of vipers. Amazing how all of their serious competitors were allowed to fail or shut down during the meltdown, but GS was carefully protected via AIG and somehow managed to emerge unscathed and no longer encumbered by TARP money just in time to generate record profit and bonuses. This is an arm of the democrat party.