Wednesday, April 21, 2010

FDR Said There Are No Accidents In Politics...

Elliot Spitzer: “There are no coincidences in this world. None.”
On April 20, 2010
I’m convinced that this situation with the SEC and Goldman Sachs is a limited hangout. Why?
No Criminal Charges Likely in AIG Collapse[2]
Unless the AIG imbroglio is untangled, the rest of this is nonsense.
Goldman Sachs is now a household name. Disemboweling some flunky will give the crowd something to cheer about.
But who paid out on the Goldman sludge, and a whole lot of other sludge?
That’s right, make sure the curtain stays closed on that AIG sausage factory.
These aren’t the droids you’re looking for. *subtle hand gesture*

Former New York Gov. Eliot Spitzer said on Monday there are “no coincidences” in the Securities and Exchange Commission filing a lawsuit against Goldman Sachs just as Democrats are about to bring up financial regulatory reform in the Senate.
The SEC, which announced the civil suit Friday, is forbidden by law from acting in concert with the White House in choosing which cases it prosecutes and when to do so.
Asked about the timing of the SEC action during an interview Monday on CNBC, Spitzer, who prosecuted securities fraud as the state’s attorney general, said that “there’s no question the SEC is desperate to prove that it can enforce the law, desperate to bring in the great white whale.”
“This was not a coincidence,” asserted the former Democratic governor, who resigned after an affair with a prostitute became public. “There are no coincidences in this world. None.”
“It could be both a witch hunt and legitimate exercise of regulatory authority,” he added.
Asked during his regular briefing Monday whether the administration knew the charges against Goldman Sachs were coming, White House press secretary Robert Gibbs responded tersely, “The SEC is, by law, an independent agency.”

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