It's a wonder they had time to investigate Goldman Sachs

Senior staffers at the SEC sped a lot of time surfing porn on the internet.
One of the worst offenders: "A senior attorney at the SEC's Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office. He agreed to resign, an earlier watchdog report said."
I see now how they could have missed the meltdown and Bernie Madoff and so much more.
They could pay me half what these guys get ($200K) and I would wade through financial websites all day.

More fun with Goldman Sachs

Harry Reid won't answer questions on his private meetings with GS reps, but hammers Republicans for the same thing. Reid will likely continue to ignore the hypocrisy of his attack on Republicans, whom he said: "should immediately reveal what they discussed earlier this month during secret, closed-door meeting with Wall Street executives in New York City."

SEC has testimony that may sink it's case against GS, but did not mention it in their filing.:
"Paolo Pellegrini told the government that he informed ACA Management that Paulson intended to bet against, or short, a portfolio of mortgages ACA was assembling."
ACA is supposedly the victim in the SEC's scenario.

Time to give it back Barry

A Democrat in Illinois is demanding that his Republican opponent return donations from Goldman Sachs even though he has taken GS money himself and is ignoring the enormous amount of money contributed to Obama and his party by GS employees.
Goldman Sachs is being raked over the coals by the SEC, Congress, and the administration as well as the sycophantic media.
GS employees may well be regretting the nearly $1M dollars they donated to Obama right about now.
I wonder when Obama will return the money?
Those employees and their families have been generous: "Goldman Sachs and its employees and family members gave $5.9 million to candidates in the 2007-2008 election cycle, the Washington-based center’s data shows. Three-quarters of that went to Democrats, the non-partisan group said."


It amazes me that these people still pay off the Dems even though they constantly and publically stab them in the back.

Republicans take a page from Dem play book

Republicans (led by Darrell Issa) are demanding a "slew" of documents relating to communication and meetings between the SEC and the administration. I expect to hear a lot of grousing from the Obama White House over this because it is so difficult for Democrats to do all the legwork of locating and providing documentation that they routinely demand of Republicans.

As Issa says: “[W]e are concerned that politics have unduly influenced the decision and timing of the commission’s controversial enforcement action against Goldman,” 

And Rahm Emanuel responds: “[E]verybody at the White House found out like everybody else, when it hit the news. … Nobody at the White House knew anything ahead of anybody else. … I think what's more important is not this particular case or what SEC did. The need for this reform has existed for over a year.”

Sure Rahm. I believe you. And the moon is made of cheese.