Ever since the economy’s near-collapse in late 2008, we’ve waited and waited and waited for the federal government to go after the greedy bastards in the investment banking and high finance racket, er, business. If you’ve been waiting for the same thing, well, today is our day. The Senate Permanent Subcommittee on Investigations is looking into Goldman Sachs’ sleazebag deals and maneuvers. The Securities and Exchange Commission (SEC) sued the bank earlier this month, saying Goldman deliberately did not tell buyers that certain investment packages were assembled by a hedge fund client, Paulson & Co., which bet on the investments to fail.
If you’re as fed up as most Americans by the high-risk, dirtbag shenanigans of the finance industry, check out the video below of Subcommittee Chair Sen. Carl Levin taking on Dan Sparks, a Goldman senior executive, about an internal Goldman memo in which the bank’s sale of a particular set of toxic mortgage securities was described this way: “Boy, that was one shitty deal.” Sparks tried to weasel his way out of trouble, but Levin wouldn’t let him go, repeating the “shitty deal” description over and over. Take a look, and enjoy the sight of your government cutting one of Wall Street’s leading assholes a whole new one.
This article appears in Apr 27 – May 3, 2010.
That is a lie. These folks from Goldman Sachs should be waterboarded by Donald Rumsfeld and Dick Cheney.
Senator Levin did a great job as always. The governments ONLY role in this was when George Bush was in control of the damned country. Bring him back and put him on trial.
Well then why in the hell didn’t George Bush see this when he was our infallible leader?
This is another FoxNews lie. Barney Frank was standing up for rights, not the business practices to which he couldn’t possibly attest to. God Almighty with this nonsense!