Can You Hear Goldman Laughing?
Posted in Main Blog (All Posts) on July 17th, 2010 4:32 am by HL
Can You Hear Goldman Laughing?
Tunku Varadarajan, The Daily Beast
Absorbing the gush of news yesterday afternoon, I was struck between the eyes by the fact that the financial reform bill had sailed blithely through the political portals on the very same day on which it was announced that Goldman Sachs would settle its potentially castrating lawsuit with the SEC (a body now known in the Varadarajan household as the “Securities Eyewash Commission”). As they say in the movies, all coincidences are purely coincidental! (If you believe that, you’re my wife’s aunt’s second cousin’s…
The Fork in the Road We Are Facing
Rep. Paul Ryan, CNBC
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Michael Klare, The Nation
Holder Should Drop the Arizona Suit
Does This Bill Really End Too Big to Fail?
Gillian Tett, Financial Times
Another day, another round of nail-biting debate about financial reform. On Thursday, the US finalised its mammoth regulatory overhaul, the Senate approving it in a long-awaited final vote.But, even as the end looms, new evidence has emerged that voters are uneasy. A Bloomberg poll for example, shows half the US public question whether this bill will improve finance; instead, many fear the reforms will end up protecting Wall Street at the expense of Main Street.And while the banking industry itself vehemently disagrees, the crucial issue is the question of “too big to…
