- Mar 27, 2010
- Reaction score
Wall Street suspects Goldman charges 'not coincidental' to financial reform effortWall Street is more than a little suspicious of todays charges by the Securities and Exchange Commission, which has accused Goldman Sachs of lying to investors about who was really behind junk mortgages securities it sold to clients.
Barclays banking analyst Roger Freeman comes right out and blasts the SEC effort as a well-timed, and perhaps not coincidental, effort to sway some on-the-fence Republicans to get tough on financial reform.
Now you don't have to be a Wall Street expert to understand what is going on around here, and YES it belongs in politics.
It's not about business. It IS about politics. This is about the USSC decision that corporations CAN contribute and make political messages before elections. This scares the crap about of liberal. They want to propagandize the country that all business is eeeeeeeeeevil and only Obama can save them from it.
They can't have free speech where businesses are allowed to fight back. So they need this "reform" to help staunch this.
But it looks like Orwell said a long time ago, some busineses are not as evil as others.
Shades of Chris Dodd.