Don't Get Caught Up in the Goldman-SEC Hype
Sure, Lord Blankfein is going to have to testify at the altar of The Hill (big fucking deal, Bernanke does it all the time).
Sure, the SEC swooped in to spank Goldman's ass on a Friday with little warning.
Sure, they're kind of fucked. But this is not news.
Try JDA, June, 2009. Or Zero Hedge, July, 2009. Come on, it took the SEC this long to put together anything substantial?! Bitch, please.
Someone come get me when we're ready to go in there (figurative) guns blazing ready to take the joint back otherwise this is just slapping with the left while jerking off with the right. Goldman is not afraid of the SEC, why should they be?