Could this begin the grand battle between good and evil - Christian versus Apollyon, Beowulf versus Grindel, the Thundercats versus Mumm-Ra? Probably not.
This isn't the first time that the Justice Department had Goldman Sachs by the short hairs. Last spring they had the Devil's Bank dead to rights for fraud over mortgage securities deals. If Justice had any fight in it several Goldman execs would have been looking forward to a few years of prison romance. Instead Goldman's punishment was a half-billion dollar fine (just a fraction (4%) of Goldman's take from the government AIG bailout) and a tepid mea culpa.
Atrios predicts, and I agree, that the worst Goldman will face from Justice this time will be a tiny fine. Goldman is just too powerful for the Justice Department. (think Doomsday versus Jimmy Olsen).
Standard Disclaimer: The wondrous evil that is Goldman Sachs deserves daily worship. Please don't sue me.
|Art is Tartarus by Charles Katz|