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.
I can see the SEC’s argument that Goldman withheld material information. Of course material information is withheld every minute of every day on Wall Street and the SEC and other so-called regulators do nothing. Once in a while they lift a finger to make an example of someone so the public is fooled into believing that regulation actually exists.
All show trials IMO.