Sunday, May 3, 2009

Where is Congress?

Let's see, in the last 3 months we learned 1) Goldman may have caused the oil price spike last summer for its own gain; 2) Goldman has been accused of manipulating the stock of Bear Sterns and Lehman Brothers by spreading negative rumors; 3) Goldman recieves $12.9 billion in Tarp funds from the AIG bailout while admitting to hedging against AIG; 4) Goldman has been accused of advising the feds to let Lehman go, while saving AIG, hell, I could go on ad nauseum.

Yet only Maxine in Congress seems to care. The national press sure as hell doesn't. Guess when you have your people placed all over the Fed annd Treasury Department, you feel a little insulated. Maybe its just the money Goldman spends lobbying our elected officials. Maybe we just have not yelled loud enough. I have to say that Goldman sure has been quiet since it got a little negative press last month and Mr. Blankfien went on the offense and promised to look at the bonuses. Waiting for the thunderstorm to pass through I guess.

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