Digging past the trash to get to the rot

The SEC is investigating Goldman Sachs for fraud...because the United States Government HATES America! We'll see if that's an adequate defense, not that we should expect anything truly impressive to come of this.

We will find in the next few months that most if not all of the biggest financial players were doing something similar to Goldman's scheme of setting up a portfolio that was designed to implode. The awful thing about it is that they sold that portfolio to their own clients, meaning they had to misrepresent their knowledge of how that portfolio would function.

Just so I can pat myself on the back later for making an obvious prediction: It's likely Tim Geithner will resign his post shortly after the midterm elections: he began his job in a caustic environment, then proceeded to consistently handle situations in the ugliest possible way from the view of the public's interest versus the industry from whence he came. He's the closest thing to Ashcroft/Rumsfeld/Cheney this administration has.