Goldman Sachs in the Docks

"You distract the masses with a villain," says Marc Faber, suggesting "the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States" — Claim That Goldman Probes Are Politically Motivated.

"Goldman is no guiltier than anyone else," notes Mike Whitney, suggesting "targeting the most hated bank on Wall Street" is "part of a strategy to pass Obama's reform bill or to give him a Teddy Roosevelt-makeover and to boost the Dems' prospects for the upcoming midterms" — Goldman Sachs' Bloody Nose.

"If Goldman has become a poster child for excessive power on Wall Street, the SEC might become a poster child for government power run amok," writes Sebastian Mallaby — In SEC vs. Goldman, who's really at fault?