More Evidence That the Goldman-Sachs Charges Were Staged

Just as Obama needed to inject some momentum into his financial reform package, the SEC announced charges against Goldman Sachs, a financial firm with very close ties to the Democratic Party. And the lawsuit itself now looks so weak that it is doomed to failure and looks more than ever like a PR stunt between friends.

Goldman is pretty clearly the most easily hated Wall Street firm. They made fat profits from taking huge risks and then letting the taxpayers take all the losses when the feds paid off the $22 billion in insane investment insurance Goldman had convinced the dummkopfs at AIG to issue.

But the SEC’s case against Goldman relates to a tiny portion of the money siphoned from taxpayers and it looks to be very thin at that – something whipped up on short order. That’s why Republicans are pushing for the emails between the White House and the agency.

As Goldman is now finding out, the problem of being in business with the government is that sometimes they cheat for you, but when the political climate demands it, they start cheating against you. Not to worry, though. A modest settlement following a complex legal battle followed by fat checks to the Hope and Change revival tour in 2012 should put everything right again.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Morning-Must-Reads----A-weak-suit-by-the-SEC-points-to-strong-ties-between-Obama-and-Goldman--91694474.html#ixzz0ljpxqCQE