Tuesday, May 04, 2010

Scapegoating Goldman assault backfires

The assault on Goldman Sachs by the Obama administration and its minions is facing principled resistance. Just two weeks after the President's Cooper Union address in which he quoted a Warren Buffett comment on derivatives with a preacher-like heavily paused double comment, "yes he did, yes he did", Buffett and fellow market seer Wilbur Ross have voiced their support for Goldman. This may not sway the American people as a whole, but it certainly dents the case that Obama is making, and could even raise an anti-Semitic context that is troubling.


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