Feds Open CRIMINAL Probe into Goldman Sachs

I'm still in shock about the civil charges from the SEC. And now this? It's almost too good to be true:



More at http://www.nytimes.com/2010/04/30/business/30case.html

If you watched any of those Goldman-Sachs worms the other day, you could see how on the edges they were operating. Most of what they were doing was legal as deregulation had gone so far as to not only permit these antics but encourage it. Repeatedly you heard how things weren't illegal, but they sure were unethical. And I've heard some who point out that those who played with derivitives knew exactly what was going on here...they rode the high and deserved to take the loss. These schemes were complex and for a reason...also one that's taken investigators this long to begin to unravel.

The Wall Street boys are facing a rock or a hard place right now. The testimony all but gave tons of ammo to investors who were shorted and lost in what was a deliberate game rigged to benefit a big customer. In their world, losing money is worse than anything else...even jail time. If anything...being stuck in the cooler will keep the angry investors away. Seems like Madoff's adjusted quite nicely. Hopefully others will join him soon.

Cheers...