It's On

The month of April 2010 came in quietly, but now is storming from really big public concerns.
1. Goldman Sachs has been confronted with some ethical failures. Which apparently, are not illegal or even something to be ashamed of.

"I heard nothing today that makes me think anything went wrong," said Goldman Chief Executive Lloyd Blankfein when asked about transactions that raised hackles among senators.

Then he states later

"What we and other banks, rating agencies and regulators failed to do was sound the alarm that there was too much lending and too much leverage in the system—that credit had become too cheap," Mr. Blankfein testified.

Sound the alarm? Good use of word. Admitting that knowing what was happening is bad, but just disregarding damage being done and act childish and deny any involvement.

Senators Seek, Fail to Get an 'I'm Sorry' wsj 04/27/10

Oh boy, ummm... well I think someone might have slighted the wrong public.

"Too big to fail, but not too big to go to jail," the protesters chanted before the opening gavel.

It is on.

Update 4/29/10

Well, it was announced that the financial reform bill will be allowed on the senate floor for debate.

Told you it was on. Only some politicians got money from Goldman not all of them.

Update
U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
By NELSON D. SCHWARTZ
Published: September 1, 2011

Well, it took a while to put the case together, but expect to recieve billions back for the misrepresenting the quality of the mortgage security.