Thread: Going After Goldman: Crackdown on Financial Crime or Kabuki

Going After Goldman: A Crackdown on Financial Crime or a Kabuki Play Maneuvre to Avoid Bringing Criminal Charges

Companies / Credit Crisis 2010
Apr 18, 2010 - 04:05 PM

By: Danny_Schechter

Fox Business News was engrossed in interviewing a blonder than thou reality TV bimbo when the news that the Securities And Exchange Commission was filing fraud charges against Goldman Sachs broke on Friday afternoon.

The breaking news bulletins were already flying through cyberspace before the Fox Means Business network got around to moving from a snickering interview with a starlet confessing to commodifying and monetizing her appeal to the biggest story in months on the Street beat. Corporate fraud allegations seem to make free market boosters nervous.

At last, the mightiest of investment bank, described as a “giant squid on the face of humanityâ€

There are no more Republicans and Democrats at the very top. There are only Capitalists and Communists...

I watched Bill Moyers Journal this week since the subject was Wall Street.According to the 2 guest Our Government is complicit in the Wall Street Crimes.

Obama said earlier he would stop Banks from dealing in Dirivitive "Gambling" but now says it will not be part of the new regulations.

Wall street lobbyist have BILLIONS to spend in their Government corruption bid so don't expect any meaningful reform.

BTW the guest said Tea Partiers should take on Wall Street.