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Monday, April 19, 2010

Republicans On SEC Voted AGAINST Charging Goldman Sachs With Fraud

SEC Vote On Goldman Was Split Along Party LinesHarry Markopolos "Going after formerly protected species is a step forward."
Bloomberg has a bombshell addition to the continuing saga of the Goldman Sachs prosecution. The SEC's commissioners voted 3-2 along party lines to prosecute Goldman over its Abacus deals -- the three Dems voted to charge and the two Republicans voted not to charge.
The reported vote results are sure to lend ammunition to critics of the SEC's enforcement action who argue that Goldman was unfairly targeted by the agency.
Read Bloomberg's story here.
Madoff Whistleblower's Faint Praise For SEC Harry Markopolos, the fraud investigator who uncovered Bernie Madoff's Ponzi scheme and has been withering in his critique of the SEC for failing to heed his warnings for years, had some kind words for the beleaguered agency on Friday.
Asked for comment on the SEC charges against Goldman, Markopolos emailed HuffPost: LinkHere
Mark Twain said it best; "We have the best politicians in the world. Once bought, they STAY bought!"


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