Did the SEC read the Michael Lewis book? It's funny the Big Short book was printed before the SEC made these charges and 60 minutes had a nice article about it also.
It is imperative that we stick to facts and not attacking people: http://www.youtube.com/watch?v=_AWktx-tCZg If GS is guilty, then let's prove it and whack them where it hurts. If not, it doesn't matter who is or isn't a shill for them.
"The SEC said the fraud, a blow to the reputation of Wall Street's most powerful firm, was orchestrated in 2007 by a Goldman vice president then in his late 20's." Lets blame it on a 20 year old because very few other people knew anything about it. YA RIGHT! Want to buy some Ocean Front Property in Arizona?
Here is another interesting story of a firm, Magnetar, that Citadel has a stake in: http://www.propublica.org/feature/a...one-hedge-fund-helped-keep-the-housing-bubble No one shills for them because they are not in NY. Or, if you read "The Quants", http://www.amazon.com/Quants-Whizze...=sr_1_1?ie=UTF8&s=books&qid=1271457855&sr=8-1 you learn that entire trading floors were seen wearing shirts that said "I shorted your house". There are a bunch of scum around. GS is just in the crosshairs.
No numbnuts, this is about GS taking something that is not yet in their possession. Go count how many former GS execs hold government positions. This is one big pony show. If someone goes to jail is sure as shit won't be Blankfein or Paulson. There will be fall guys and yes, GS knew about this news release before it happened and made a load on it to pay the fine and legal fees.
GS doesnt know anything ahead of time unless the government wants them to know! Now why would they want them to know anything? If the govern. is looking to blame someone they why let gs know. why not just let them die and you dont have to worry about them ever again!