Ah huh.
In response to your implied conspiracy concepts:
1. GS is a major financial player. Paulson had several calls with many different industry players.
2. If Goldman didn't defraud its clients then it doesn't matter what Gupta has to say, unless you are implying that he may have other dirt on them?
3. That was exactly my point. Whether Manhattan actually has a provable case is irrelevant - companies will virtually always fold just under the threat of an indictment, which is a death sentence for most corporate bodies. NYC is notorious for prosecutorial extortion.
4. Again, he has to have something with which to prosecute and, in fact, the WSJ is now reporting that the DOJ is indeed looking at GS. Hell, I'd actually like to see him do it because the DOJ tends to be much more even handed about threatening indictments of corporations than NY.
Btw, are you still not yet seeing a ridiculous amount of innuendo and accusation with almost no actual proof of any wrongdoing?
I will eat my words about one thing though. I said before that GS would not fight back publicly, but obviously I was wrong. I guess that this has received so much ongoing press that GS has changed its mind. The full story is in the Wall Street Journal, which I encourage you to read, but you will need access to today's edition, or subscriber access to view. However, there is reference to it in the following:
http://www.theatlanticwire.com/busin...-report/38515/
What a shock that Senate staffers couldn't do a proper job of analyzing the numbers.
When this all shakes out, we will all see just how much of an absurd political witch hunt this whole thing was.
Bookmarks