Monday, April 19, 2010

Wall Street suspects Goldman charges 'not coincidental' to financial reform effort

NY Post "Barclays banking analyst Roger Freeman comes right out and blasts the SEC effort as “a well-timed, and perhaps not coincidental, effort to sway some on-the-fence Republicans” to get tough on financial reform."  Then this: MANUFACTURING A CRISIS  ;  Obama’s Newest Villain: Goldman Sachs : "Careful observers will note that Team Obama is never content to argue the potential benefits of their increasingly dodgy legislation (e.g. Stimulus, Healthcare, Cap and Trade). Obama is no fool; he understands that his wealth redistribution schemes, his desire to grow government, to provide new kickbacks to Unions, and to crush small business growth are so antithetical to most Americans that passage and support require that a villain be found that can be blamed for any and all possible evils."  All this is not to say that Goldman Sachs is an innocent victim but is this all another Reichstag burning?

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