Why are conservatives and the GOP running interference for this traitorous scum?
By JOE BEL BRUNO, FAWN JOHNSON And JOSEPH CHECKLER
The Securities and Exchange Commission on Friday charged Goldman Sachs Group Inc. with defrauding investors, alleging that Goldman let a big hedge fund fill a financial product with risky subprime mortgages and then failed to disclose that to the product's buyers.
The SEC said in the civil complaint that Goldman and Fabrice Tourre, then vice president, created and sold opaque collateralized-debt obligations, or CDOs, that hinged on the performance of subprime-mortgage-backed securities.
I'd really like the Tea Party folks to coherently explain that one to me.
If any single group of people bears the brunt of blame for the economic meltdown in this country it's the big Bankers and the Wall Street thieves. But the GOP doesn't want to look into their ponzi scheming and most certainly do not want to force the white collar con artists to change their way of doing business in an effort to curb abuses and fraud.
After closely observing the Tea Party movement since their inauspicious conception within weeks of Obama's inauguration, I get the distinct feeling that they are much more interested in Obama's birth certificate than they are in holding accountable the suit and tie institutional criminals who have financially ass-raped this country this past decade and set America's economic progress back 40 years.
And that's why I mock them and will continue to mock them. Running around with "Obama is Hitler" signs isn't going deter the next sleazy hedge-fund operator from looting your company, city or county pension fund or decimating your 401k. In fact -- those guys love that buffoonery -- it keeps the media attention riveted on the absurd instead of the crime deeds being perpetrated in the name of free market capitalism.