Illegal Immigration

[homer13j]

The SEC has charged Goldman Sachs with breaking the law, the Feds are investigating the company and individuals working there for fraud.

It would not surprise me one bit if this is all an attempt to deflect attention from the fact that when warned as early as 2002 about a potential mortgage crisis Barney Frank and Chuck Schumer began telling everyone "everything is fine" and it was nothing more than another evil Republican plot to deny homes to black people.

Goldman Sachs was (were?) selling short (betting on losses) in the mortgage-backed securities market. They are accused of not disclosing this fact to their own investors which if true would be very bad for business. If their investors were truly defrauded the government should have no problem proving this beyond any reasonable doubt.

But what I believe happened is these investors trusted crooks like Frank, Schumer & Co. and now demand that someone must pay for their own stupidity. Thus Goldman Sachs becomes a prime target for a government witch hunt. It will be interesting to see if the feds can prove that actual fraud occurred.

You really need to stop watching only Fox News.

Yeah... give someone else a chance... it's only fair! LOL.

There's a very good reason why Fox News gets better ratings than all the other cable news channels combined.