Goldman Sachs will not be charged by the Department of Justice for any role in the financial crisis. William Black, U of Missouri associate professor, and Vanity Fair contributing editor Bethany McLean, discuss. Here is a direct link.
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I suppose we should wait for Matt Taibbi’s opinion on this matter from Rolling Stone magazine because he’s the ‘real hit man’ on Blankfein & Company.
I think, I think, I think,… sounds exactly like rhetoric of many investment analysts of we believe, we believe, we believe. Where are the facts and research to back up your thoughts and beliefs. All they are doing is toeing the party line. Instead of taking the investment banks to task the TV analyst and Vanity Fair contributing editor would rather just like the European Crisis, and US over-spending bury their heads and believe nothing is wrong or say unless we convict home owners and investors with the banks we should let it slide because the investors and home owners are also guilty of fraud. At least William Black brings forth some facts. There was a time the media (reporters and editors) were respected by doing investigative reporting, and my local newspaper wonders why I no longer subscribe or watch the TV news.
Prosecute them all or prosecute none? Thank goodness we have people with the experience, expertise, and intelligence of Bill Black to refute the nonsense spewed by the financial industry shills like the propagandists on CNBC. What really scares me is the airhead in the bottom right may actually believe what she spouts. I get the feeling Bartiromo is just “doing her job.”
I’ve seen Bill Black in interviews many times and read many of his articles. We need more Bill Black.