FiveThirtyEight: Politics Done Right: On Goldman.
Bonddad at 538 seems to believe that the SEC has a very strong case against Goldman Sachs. The issue at hand is essentially lying to investors about mortgage backed securities that were sold, while at the same time betting against the same securities. This allowed them to make a shitload of money while other banks failed or circled the drain until rescued at great public expense.
Another point he makes is that a lack of enforcement actions helped to create an environment that made abuse more likely. Action is needed to strike a little fear into the hearts of the executives at Goldman’s, and other banks.
