Some news people already said that it will be a slap.....it was setup to get Republicans to vote for the bill that will actually help Goldman Sachs with a permanent bailout fund!
It is all a song and dance to fool the rubes.
Goldman the camelian Brokerage firm who has managed to weather the Financial collapse. Hmmm.... Part of the selective capitalist who will share the pie of success in the new world order of Obama’s regime only because they are part of the team!
Or the crimes are made up for political value. Remember, the guys on the other side of the deal were some of the most sophisticated investors out there - you think people like those didn’t do their due dilligence when buying 1B worth of CDO’s ? Oh, they sure look stupid now (like the rest of ‘em) but could they have been cheated so simply? Doubtful.
I don’t have love for Goldman but this just seems to shoddy of a case - hell even CNBC reported that the gov has testimony that contradicts 3/4 of their case! This is nothing but political theater.