Politics
Out of context: Reply #12022
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- ukit0
The SEC doesn't bring criminal charges you idiot. Read up on that agency and what it does.
Anyway, why do you assume there must be criminal liability here? Are you just basing that off anything specific, or just the fact that you have a vague sense that Goldman Sachs did something bad becuz you heard it on TV? It's quite possible Goldman and other companies acted unethically, helped drive the financial crisis, and still technically never broke any laws. That's the position that James Kwan, one of the most respected economists on the crisis takes.
http://baselinescenario.com/2010…
All of this points to the need to reform derivatives trading which was at the heart of the instability in the markets. That's the issue Congress is debating right now. Can you even articulate a position on whether we should regulate derivatives more strongly? I mean, fucking LOL, you call us headline readers, I bet you don't even know what a derivative is.
Teabagger FAIL #5,326,783.5