Goldman Sachs is Democrats' new target (Updated)

POLITICO ^ | Updated: 4/19/10 11:15 AM EDT | By MIKE ALLEN

[Brad from Tennessee]

When you type “Goldman Sachs SEC” into Google, the results include an ad for Wall Street reform, paid for by the Democratic National Committee. . .

(Snip)

(DNC Communications Director Brad)Woodhouse said the ad is part of an online campaign that began about two weeks ago , and has included such Google search terms as “Goldman,” “Wall Street” and “Bank of America. . ."

[Brad from Tennessee]

Despite the denials of Robert Gibbs the DNC would have had to know about the SEC's Goldman Sachs suit weeks ago in order to construct its fundraising and political ads around the controversy.

[TigerBait]

Despite the $1 million donation?

Muslim president goes after Goldman Sachs. A pattern is developing...

[Kansas58]

Goldman Sachs execs gave, roughly $6million in political contributions, in the 2008 election cycle.
75% of that money went to: DEMOCRATS!

[Parley Baer]

There is so much going on behind the scenes I don’t have a clue. I really don’t know how to score this one.

[rightwingcrazy]

All theater. Likely, when the sound and fury fades, they’ll still have profited handsomely from that investment.

[Painesright]

Barack Obama to Goldman Sachs’ employees who donated almost $1 Million to his campaign... “You would think they would be saying “thank you”!”

;)

[redshawk]

Amazing that the libs are quick to forget about the CRA. Dang....The CRA was the start of all this crap. Jimmy Carter forced this. Oh, how soon foks forget.

[HereInTheHeartland]

“Despite the denials of Robert Gibbs the DNC would have had to know about the SEC’s Goldman Sachs suit weeks ago in order to construct its fundraising and political ads around the controversy. “

No doubt in my mind this is planned.

I read some of the Wall Street Journal articles today; and I am still trying figure what they did wrong.
They bundled mortgages (that had already been made) that were already identified as having a high risk for failure; to sell to sophisticated investors.

And someone also took hedge positions that the same mortgages would go bad.

With the government's headlines; the uninformed public will somehow believe that Goldman somehow pushed individual homeowners into default.
Completely wrong.

[Brad from Tennessee]

Obama and administration have been publicly linked to Goldman since last year. The White House had to do something to make it appear Goldman didn't have a pass. It's not inconceivable that this whole political theater was worked out in advance by lawyers from the SEC, Goldman and the White House.

[eclecticEel]

Despite the $1 million donation?

Play with a serpent, you're bound to get bit. Goldman Sachs has learned that the hard way.

[KarlInOhio]

When you type “Goldman Sachs SEC” into Google, the results include an ad for Wall Street reform, paid for by the Democratic National Committee. . .

Be sure to do the search and click on the link. Those ads aren't free and every click takes a little bit of cash from the DNC.

[tacticalogic]

"You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before."

-Rahm Emanuel

[Mike Darancette]

There is so much going on behind the scenes I don’t have a clue. I really don’t know how to score this one.

Shouldn't there some type of criminal charges?

[freekitty]

I doubt that.

[Nateman]

Sachs is merely a scape goat. That want the financial bill which lets them arbitrarily seize companies. Sachs is merely the excuse the regime media is using for this poisonous bill. They want to scare companies into silence and/or contributions least they be nationalized. Pure evil.

[Carry_Okie]

They're throwing B'rer Rabbit into the brier patch.

[penelopesire]

hmmmmmm...anyone else get the feeling that there is more to this story? GS was Obama’s largest campaign contributor...then a few weeks before the election, we have a well orchestrated ‘meltdown’ that serves to secure Obama’s victory. This is nothing but a smoke screen to place some distance between GS and Obama. They are as tight as thieves. This has more to do with potential investigations when the republicans take back congress in November than it does with Obama’s new financial regulations push imho.

The truth always rises to the surface and it is rising right now.

[Tzimisce]

Night of the Long Knives.

[what's up]

As long as GS didn't manipulate the ratings agencies to classify the bonds as AAA I have trouble seeing what they did wrong as well.

If someone did something illegal fine...go get them. But to use this as an excuse to interpose Gov't oversight forever because of a lousy law that the Gov't passed in the first place (CRA) which got this whole ball rolling while Dodd and Frank get off scot-free...well, that blatantly sucks.

[freespirited]

The SEC thing will be settled with some fine that sounds like a lot of money to you and me but is chickensh!!! to Goldman.