Bernie Madoff and Goldman Sachs

08/01/2009 • CRIME & FEDERALISM

As with Bernie Madoff, we must take it on faith that Goldman is honest and ethical. Goldman Sachs, like Bernie Madoff, wouldn't cheat anyone out of a dime - or even a fraction of a penny, ala Superman 3. There is no need for the SEC to waste Goldman's time. Going after Goldman will get a person fired. Larry Summers forced out an Administration official who started asking questions about Goldman Sachs and other Wall Street firms. Joseph Facciponti and the Department of Justice arrested a man, 48-hours after Goldman called them (does Goldman Sachs have a "bat phone"?) to report that an employee might have stolen some computer code. Facciponti commited fraud on the court to do Goldman's bidding. After intense media attention, Goldman Sachs told Facciponti to make the Aleynikov prosecution go away; Facciponti complied. Unlike Bernie Madoff, Goldman Sachs will never be punished. They are too mobbed up. Goldman's investment in public officials is paying