commentary on Politics and a little bit of everything else

FiveThirtyEight on the SEC going after Goldman-Sachs……

Hale “Bonddad” Stewart over @ FiveThirtyEigth gives us a rundown on the SEC compliant……

First, the document filed by the SEC is a complaint. The purpose of this document is to define the issues for trial. Usually, the person filing the complaint has done a lot of investigation before filing the document — so much so that they can more or less anticipate what the defendant will do.

Then goes over the specifics…..

a) Use of interstate commerce for purpose of fraud or deceit….to wit……..

It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange—

He then makes Seven more points……

Then gives this analogy on why the SEC should win the case……

Let me add this personal thought. I have very high hopes that the SEC wins this case. As I mentioned above, they have a good case. But the real reason is best illustrated by a story. This year my wife and I went to opening day at Wrigley Field (which should be a national holiday). While we were walking around the streets that surrounded Wrigley we saw a group of four cops — and I mean cops. All I could think of when I saw these guys was one of them saying to a someone, “don’t make me.” My guess is at least two of them were ex-football players. They were standing in a group talking and basically making their presence quietly felt. At this point I knew nothing bad was going to happen on that street. Why? Because of this group of cops — they would make sure nothing bad happened. In essence, you felt this quiet law enforcement presence on the street. That’s what the SEC needs to do — or more importantly, needs to establish. Right now, there is no law enforcement presence on Wall Street at all. Wall Street needs to know there is a cop on the beat to deal with excesses in the system.

For the whole Post…..and the numerous comments…..

The Dog still thinks Goldman-Sachs will still be proudly standing after this whole thing is all over…for those you who want to read another Goldmen-Sach caper…..

Dig this.…….

April 26, 2010 - Posted by | Blogs, Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, The Economy, Updates | , , , ,

1 Comment »

  1. […] This post was mentioned on Twitter by James Finley. James Finley said: FiveThirtyEight on the SEC going after Goldman-Sachs……: http://wp.me/pAL4p-2yv […]

    Pingback by Tweets that mention FiveThirtyEight on the SEC going after Goldman-Sachs…… « PoliticalDog101.com -- Topsy.com | April 27, 2010 | Reply

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