Comments on: Goldman Sachs and the Tourre de Toxic http://acrimoney.com/2010/04/tourre-de-toxic/ The Wild Wild World of Wealth Tue, 26 Apr 2011 12:12:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Norb Vonneguthttp://acrimoney.com/2010/04/tourre-de-toxic/comment-page-1/#comment-25857 Norb Vonnegut Mon, 19 Apr 2010 21:22:51 +0000 http://acrimoney.com/?p=4011#comment-25857 Thanks, David. Great questions.Why now? On Friday, the WSJ reported that the SEC failed to take action against Stanford even though they concluded he was running a Ponzi scheme. Double check me on the article, as I was traveling and only took a quick look. It seems to me that this blockbuster lawsuit buried gaffes from the past.Expecting to achieve? It's all about street cred. The SEC is working overtime to re-establish their reputation. If Goldman Sachs settles (one option to put this mess behind and work on fixing the brand), the SEC will claim victory.Declare war on GS? There's less downside to piling on Goliath, right? Thanks, David. Great questions.

Why now? On Friday, the WSJ reported that the SEC failed to take action against Stanford even though they concluded he was running a Ponzi scheme. Double check me on the article, as I was traveling and only took a quick look. It seems to me that this blockbuster lawsuit buried gaffes from the past.

Expecting to achieve? It’s all about street cred. The SEC is working overtime to re-establish their reputation. If Goldman Sachs settles (one option to put this mess behind and work on fixing the brand), the SEC will claim victory.

Declare war on GS? There’s less downside to piling on Goliath, right?

]]> By: David Caploe PhDhttp://acrimoney.com/2010/04/tourre-de-toxic/comment-page-1/#comment-25856 David Caploe PhD Mon, 19 Apr 2010 21:02:16 +0000 http://acrimoney.com/?p=4011#comment-25856 Excellent questions and conclusions, Norb ;-) .But there are a few more - at least ;-) - of the former:1) Why NOW ??? Obviously, this decision was made with Obama's agreement, if not at his initiative.So what is the purpose of such a major move at THIS time ???2) Everyone knows the SEC case is weak from a LEGAL point of view ...so what are THEY ... AND Obama expecting to achieve with this move ???3) Given the way GS was "informed" of this move ;-) , is the SEC openly declaring war on GS ???If so, why?And what are they are hoping to achieve by taking on the biggest and most successful player in the most powerful sector of the American economy ???Look forward to your and anyone else's thoughts on these subjects ...Thanks,DavidChief Political EconomistEconomyWatch.com Excellent questions and conclusions, Norb ;-) .

But there are a few more – at least ;-) – of the former:

1) Why NOW ??? Obviously, this decision was made with Obama’s agreement, if not at his initiative.

So what is the purpose of such a major move at THIS time ???

2) Everyone knows the SEC case is weak from a LEGAL point of view …

so what are THEY … AND Obama expecting to achieve with this move ???

3) Given the way GS was “informed” of this move ;-) , is the SEC openly declaring war on GS ???

If so, why?

And what are they are hoping to achieve by taking on the biggest and most successful player in the most powerful sector of the American economy ???

Look forward to your and anyone else’s thoughts on these subjects …

Thanks,

David

Chief Political Economist

EconomyWatch.com

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