Goldman Sachs opened its new $2.1 billion pretentious headquarters. It's a monument to how much money can be made by lying cheats who produce NOTHING. GS Director Rajat Gupta resigns due to allegations he's connected to an unfolding insider trading scandal with Galleon Securities and today the SEC charge GS with civil fraud in a subprime hedge fund offering. This happened all in one week. The gods turn quickly when hubris envelops mortals.
Hopefully the civil fraud turns into a criminal case. Maybe RICO charges may come later if other Wall Street gangsters are shown to be connected to the SEC action. This is necessary. There has to be consequences for the past financial debacle.
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