Wall Street's best friends, the Republican Senate, are stepping up to protect Wall Street from the mean Democrats. Mitch McConnell and John Cornyn, still not fessing up on what they promised Wall Street execs in their backroom meeting are making no secret of their intent to obstruct reform. Even Susan Collins is going to filibuster.
But it takes some chutzpah to suggest that maybe the case against Goldman Sachs isn't really about the massive fraud they committed on investors, but perhaps about politics. I give Orrin Hatch:
"This whole Goldman Sachs thing, isn't that a little odd that all of a sudden, right at the height of this legislative period, we suddenly have the SEC filing suit against Goldman Sachs?" Hatch asked.
"I think the timing is very suspect," he said....
"There's something terribly wrong here and I don't know what it is, but to do that right at this particular time, you know, the timing is very suspect in my eyes."
Leave Goldman Sachs alloooooonnnnne!!!!
This is pretty astounding. Republicans didn't even stand up to defend WellPoint when they chose to raise premiums through the roof in the middle of the health insurance reform debate, so that they're throwing their lot in with Wall Street now is baffling. But more of this, please. The more blatant Republicans are about which side of this fight their on--Wall Street's or Main Street's--the better.
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