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Goldman Was Simply Central Bankers' "Golden Boy"

By Implode-Explode Heavy Industries

``...this lawsuit just launched by the SEC against Goldman seems to us more political than criminal (or civil). The above article excerpted from the Wall Street Journal actually makes a good argument for such a perspective. But we would go even further: We think this lawsuit is a cynical attempt to point fingers at Wall Street when the real blame ought to be laid at the feet of Western central banking and its government and regulatory enablers. Goldman is part of that crowd, to be sure, but there are plenty of bigger fish.''

Full post as published by Mortgage Lender Implode-o-Meter on April 17, 2010 (boomark / email).