Goldman Non-Prosecution: AG Eric Holder Has No Balls

[symple19]

Taibbi crushing those who deserve it...per par etc

Still, it wasn’t surprising that Holder didn’t pursue criminal charges against Goldman. And that’s not just because Holder has repeatedly proven himself to be a spineless bureaucrat and obsequious political creature masquerading as a cop, and not just because rumors continue to circulate that the Obama administration – supposedly in the interests of staving off market panic – made a conscious decision sometime in early 2009 to give all of Wall Street a pass on pre-crisis offenses.

Read more: http://www.rollingstone.com/politics...#ixzz24LHF0cbV

[ElNono]

great read, thanks for the link

[vy65]

There's a growing mob-mentality when it comes to the financial elite. From the facts of this article, a case might be had if GS deliberately concealed information (as opposed to not disclosing it). The law in NY is that as between sophisticated parties, only active concealment of material

[vy65]

information is fraud. Is that the case here? I dunno. But what I do know is that Taibbi hasn't presented that case. Rather, he seems to think calling bankers and lawyers heads is enough.

We're a country of laws, not men. Just because you don't like GS doesn't mean they've committed a crime. And that's not to say that there isn't a case against Goldman. But this Taibibi guy isn't making it.

[symple19]

great read, thanks for the link

Taibbi is always a good read. Wino has posted many of his articles here on ST

[symple19]

information is fraud. Is that the case here? I dunno. But what I do know is that Taibbi hasn't presented that case. Rather, he seems to think calling bankers and lawyers heads is enough.

We're a country of laws, not men. Just because you don't like GS doesn't mean they've committed a crime. And that's not to say that there isn't a case against Goldman. But this Taibibi guy isn't making it.

BTW, it was a blog post, not an article

http://www.rollingstone.com/politics...sachs-20110511

http://www.rollingstone.com/politics...chine-20100405

http://www.rollingstone.com/politics...ldman-20100426

[symple19]

and one more for good measure

http://www.rollingstone.com/politics...-jail-20110216

[Winehole23]

There's a growing mob-mentality when it comes to the financial elite. From the facts of this article, a case might be had if GS deliberately concealed information (as opposed to not disclosing it). The law in NY is that as between sophisticated parties, only active concealment of material

Mob mind does not preclude criminality or the political calculation that prosecution would be inexpedient.

Obama has been more or less supine before the money masters; I'd be surprised if that changed.

[Winehole23]

per Bill Black, was the matter ever properly investigated prior to the decision not to prosecute? were FBI agents assigned? was a grand jury empaneled?

apparently the legal eagles had no confidence they would win and no desire to even try to vindicate whole communities (Jefferson Co., GA, looking at you) basically bankrupted by Goldman's shenanigans.

[Winehole23]

"some rob you with a six gun, some with a fountain pen"