Read any book, read either of the two investigations, read any source anywhere and Goldman Sachs was as crooked and rotten as one can imagine. They cheated their customers, they conned the government (not hard when their ex-CEO was Treasury Secretary), and they stole untold (quite possible at least a trillion) from the public and/or taxpayers (the public theft was from pension funds, insurance, but especially commodities, since GS almost single-handedly drove up the oil process by rigging the commodities market). The other thieves in Wall Street stand in awe (and actually cheered during hearings) at the audacity and the sheer enormity of GS’s theft. Forget TARP, that was just window-dressing for the real bailout Geithner and Bernanke arranged, all hidden off the books, just like GS’s accounting.
Now it appears they have gotten away with it. The DOJ isn’t going to prosecute them. The Repugs make Obama sound like a raving lunatic seize-everything communist (which is cover so you won’t see what the other hand is doing) but when it comes to the banks he gave them a completely free pass (this is documented many places, his actual sitdown with the CEOs where he told them he was protecting them from “pitchforks”). Big surprise DOJ wouldn’t do anything as Obama didn’t really know Holder and so appointed him without knowing his previous day job was defending white collar crooks. The only thing worse at coddling the banks than this administration was Dumbya’s asleep at the switch and/or deliberate incompetence in key regulator jobs (heckuva job Brownie types, esp. idiot Chris Cox at SEC) or people actually on the take from the banks.
I can’t believe they got away, free as the breeze, and poised to do all the same stupid things again (esp. now rig the corn and soybean futures, farmers get whacked by the drought at same time as GS makes huge speculative profits). The trouble is they really believe they’re the smartest people on the planet (they’re not, that is such hype that they hire really smart people, the only criteria to work at GS is extreme greed and zero scruples, and now also no fear of the law). So they’ll overplay their hand, as they did in 2005-2008, and this time there won’t be enough Fed or Treasury money to bail them out and so they’ll bring down the whole system.
While justice would be nice, the real thing is these insane greed addicts must be stopped before they kill all of us. But that’s not gonna happen.
Well, DOJ and Eric Holder, you just let the worst thief in all of history walk.