To: bentway who wrote (245542 ) 4/25/2010 3:38:21 PM From: RetiredNow Read Replies (1) | Respond to of 306849 bentway, Let's start asking some questions: * Why did the SEC file their civil suit against GS exactly when they did? And why just a civil and not a criminal suit? * Why did GS come out fighting, instead of meekly saying mea culpa, paying a small fine, and brushing it under the rug? * Why are we informed by the media, shortly after the SEC filed suit against GS, that the the SEC folks are surfing porn right? Here's what I think is happening. GS has all sorts of power at ever level of government. They fucked up big time and put millions of Americans out of jobs, but not on GS staffer has paid the price. Instead, our government funded by our tax money bailed out AIG, which promptly paid GS out on their CDS bets. GS made out like a bandit, although now they are telling us they lost money on the deal with Paulson. That's a red herring. So the SEC, which normally uses soft power to keep these guys in line, comes out and sues them? The SEC didn't want to come out with it right now and they didn't want to use hard power. However, the Obama administration or the Dems probably strong armed them into doing it, so that they could push through their financial reform, which the GOP was fighting tooth and nail against. It's a gambit that's working so far, because it's cast the GOP in a bad light and ratcheted up the pressure. However, GS knows they have all the power, so they are going to piss all over the SEC. They are going to start by using their muscle to discredit the SEC, such as these porn allegations, then they'll start by tearing them a new one in the courts. The SEC will be a laughingstock for suing GS, when it is all done. However, none of this matters. Ultimately, GS will pay a fine of $100 million, while no one goes to jail and the GS employees continue to live off the fat of the American public. The so-called financial reform they are passing may bring more scrutiny to the entire industry, but it certainly doesn't address the root cause. As long as one man is able to buy fire insurance on another man's house, at the same time that the house is on fire, we will always have a fundamentally corrupt system in place. Or worse, if the first man buys insurance and then sets the house on fire and no one is prosecuted criminally, then we're all subject to the mafia controlling our economy. The only difference is that this mafia wears suits and is in bed with the Fed and Treasury. The US is corrupt. If you believe that in your bones as I do, then let's talk about what to do about it next. I believe Carter style inflation is coming along with a serious devaluation in the USD. The only thing I can't figure out is when and what to do about it. If you have any ideas, please post them on my new thread:Subject 57989