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Power, Transparency and Debt

By Implode-Explode Heavy Industries

" It's one thing for the US government to go after Goldman Sachs. But while Goldman's actions have been obviously fishy, whether they?re outright criminally illegal or not, and whether they involve and include activities that make the firm a de facto bookmaker, or perhaps just constitute withholding information that the law requires divulging, let's not forget it was Washington that allowed Goldman to attain bank holding company status, which enabled Blankfein et al to rape and pillage the Fed discount windows and take the zero percent cash received straight down to the race track. "X

Full post as published by Mortgage Lender Implode-o-Meter on May 02, 2010 (boomark / email).