Goldman's Tourre Remains Sole Person Prosecuted Over Mortgage Fraud: NYT

New York Times:

At the height of the housing boom, the 26th floor of Goldman Sachs’s former headquarters on Broad Street in Lower Manhattan was the nerve center of Goldman’s fast-growing mortgage trading business.

Read the whole story: New York Times

Comments

[elwayisagooddog]

10:52 AM on 06/22/2011

WOW! What a smart person. Only (1) person to blame for all the problems of world finance. Is this a joke?

[tracerhaha1]

04:23 PM on 06/02/2011

Scapegoat.

[jackdaniel58]

02:19 PM on 06/02/2011

He'll roll like a lower east side bagel

[elwayisagooddog]

10:53 AM on 06/22/2011

Beautiful Humor.

[sensimilla]

12:15 PM on 06/02/2011

every decade, the American people get sc3wed over by the wealthy oligarchs in power with some financial scandal. Most of the time Goldman $ac$ is behind it.

[traveler291]

11:45 AM on 06/02/2011

what can the american people expect when goldman henchmen surround obama. it only takes a few minutes to review the resumes of those in financial power in this administration...hardly the hope and change platform he was elected on, and disappointing beyond words.

[kamact]

11:20 PM on 06/01/2011

I just hope he exposes the other financial terrorists at Goldman Sachs.

[Ogg-the-bear]

04:23 PM on 06/01/2011

He was the dumb schmuck who didn't pay the protection money to Xe.

[dropthedh]

02:29 PM on 06/01/2011

This looks a lot like the Abu Ghraib scenario. Blame some low-rung fall guys and the leadership moves on.

[gemini68]

01:06 PM on 06/01/2011

He and his family were probably paid a nice sum of money for him to take the fall.

[leftword]

01:02 PM on 06/01/2011

An article by Matt Taibbi in "Rolling Stone" lists the lies told by top Goldman Sachs executives to congressional committees. That in itself is a crime, yet no one is even interested in prosecuting these people --- but they prosecuted the hell out of Roger Clemons for lying about steroid use!

I understand Republican foot-dragging on this. They don't want to turn on their most important constituents, the corporations and the rich. What I don't understand is how President Obama's Justice Department is sitting on its thumbs over this and a number of other issues. Is justice really dead? Do we live in a two-tier society with separate rules? C'mon, Democrats, let's speak about this. Publicly.

[Saxton]

07:19 PM on 06/01/2011

Yes, we live in a very unjust country where the rules for the rich are very different from the rules that govern the common citizen. The more that I try to understand our current political system the more I feel uncertain about this country's future.

[roxette]

12:49 PM on 06/01/2011

One man, only one man is responsible for everything at Goldman, he must feels like he wan the lottery.

[Konnie]

12:32 PM on 06/01/2011

of course. send out the pawn to fall on the sword. i'm sure he will do an" appropriate" amount of time in the hilton slammer, while his swiss bank account gets stuffed full by the grateful king of greed. when it's all over there will be a family reunion somewhere and a good laugh will be had by all.

[Acebass]

12:25 PM on 06/01/2011

You want someone prosecuted? Okay we'll throw this one at you and see if it will pacify the masses...

[Lemmy]

01:04 PM on 06/01/2011

I'll take Franklin Raines instead.

[Acebass]

01:34 PM on 06/01/2011

I'd rather start at the top and work down myself...

[giwel7]

11:51 AM on 06/01/2011

how can that be? lets see in 2008 hank paulson just having left goldman to work under bush constructed bailouts with agreements no one could sue goldman and now it looks like obama team it very top heavey with ex goldman exec's. how can that be no one else has gone to jail? they are all working in the white house now

[nopilikia]

12:53 PM on 06/01/2011

Well if your a GS Wall Street bankster type working in the Adm......it's kinda like jail.....after all look at all the dough your losing while working in the joint.

[giwel7]

04:14 PM on 06/01/2011

but like paulson he sold his 400 million shares and did not have to pay taxes due to a law by bush sr. some reports say the power and control is what they now love they aready have the money

[jtabs]

11:48 AM on 06/01/2011

Ah, the sacrificial lamb.