Goldman Sachs has agreed to pay $550 million to the Securities and Exchange Commission, one of the largest penalties ever paid by a Wall Street firm, to settle charges of securities fraud linked to mortgage investments. This is on the same day that the Obama administration is rejoicing over the passing of their financial reform bill.
Once again we have proven that if you have big bucks you can buy politicians with campaign contributions and buy yourself out of the consequences of breaking the law.
We need campaign reform and the break-up of the oligopolies that are controlling many of the markets that we pretend our free. Government is suppose to protect our freedom; this includes free markets.