Friday, April 16, 2010
The Dam has been breached...
The Goldman Dam has been breached... expect severe flooding.
For the Government to go after Government Sachs, er.... the Anti-Christ, I mean Goldman Sachs... well, there is a lot to it.
Did Blankfein & Co.'s endless lobbying irk Obama to the breaking point? Or was it just the weight of the Mob overwhelming the weight of Goldman's gold bags? You can count on criminal indictments from the various States. The convictions are a foregone conclusion (even if they are factually innocent, which I doubt...).
This is BIG stuff. And just how bad will this all get to be on Paulson & Co.? Will he be forced to liquidate his financial stocks and Gold? If so, it won't pay to stand in front of a freight train... you gotta let it go past. Can the markets survive Goldman's demise? Very, very good question.
Posted by The Short Story Man at 7:28 PM