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Tonight I watched the Opener then most of the first panel on the Senate Goldman Sachs Senate investigation. Holy smokes.
At times I would side with some of the comments given by the banking folks. Then after probing questions by both sides of the Senate see the Sach (present and past) fold or not answer questions.
Perhaps I shall watch the other panel sessions. But surely the closing questions Levin asked where damning in nature to Goldman Sachs.
These guys where double dealing. Betting against the very derivatives they where trying to sell. In short. Selling shit, as was brought out.
But as was mentioned by one of the Republican side, Corbett, the US Congress and former Executive Branch... BJ, had committed sins to bring this whole issue into play.
Barney, Dodd, Waters and others prevented any possible early halts, possible at least partial fixes in the sub prime market to sell homes to people who could never meet their obligations. It comes down to that. Changes in the laws during BJ's administration to relax standards and force banks to support giving homes to those with no chance of paying off the home loans.
Time for me to hit the rack after this typing. E. do have a great upcoming day.