Monday, May 16, 2011
The People vs. Goldman Sachs
'Rolling Stone' present an interesting article which suggests that a Senate subcommittee has produced a good case that Goldman Sachs should stand trial.
It is further sugggested that if the Justice Department fails to give the American people a chance to judge this case — if Goldman skates without so much as a trial — it will confirm once and for all the embarrassing truth: that the law in America is subjective, and crime is defined not by what you did, but by who you are.
IMO: Some success with such a case could foster world wide action against many other perpetrators. But difficult to handle. The legal aspects could probably be dealt with, given the desire by those in high places. But there are many other factors, often related. For example, many bankers have already left for hedge funds where they doing well by shorting Goldman's stock that such justifiable criticisms have brought down in price. The 'system' is hard to beat unless one is involved in running it, and then in some way is likely to be just another criminal conspirator by the standards of those outside the system,
It is further sugggested that if the Justice Department fails to give the American people a chance to judge this case — if Goldman skates without so much as a trial — it will confirm once and for all the embarrassing truth: that the law in America is subjective, and crime is defined not by what you did, but by who you are.
IMO: Some success with such a case could foster world wide action against many other perpetrators. But difficult to handle. The legal aspects could probably be dealt with, given the desire by those in high places. But there are many other factors, often related. For example, many bankers have already left for hedge funds where they doing well by shorting Goldman's stock that such justifiable criticisms have brought down in price. The 'system' is hard to beat unless one is involved in running it, and then in some way is likely to be just another criminal conspirator by the standards of those outside the system,
# posted by uv : 6:17 PM
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