After weeks of secret negotiations, the Securities and Exchange Commission aimed at the fattest target on Wall Street and charged Goldman Sachs with securities fraud. Normally such votes are unanimous, but this time it was three to 2 with two Democrats and an Independent prevailing over two Republicans. Democrats see a chance to push finance reform, Republicans warn of more taxpayer bailouts, with each party accusing the other of siding with Wall Street. We look at what Goldman Sachs might or might not have done wrong, and get different opinions on how to stop banks from risking so much they threaten the whole economy.
Goldman Sachs, Public Anger and a Possible Crackdown on Wall Street
Gretchen Morgenson - New York Times - @gmorgenson, Shailagh Murray - Congressional Correspondent, Washington Post, Stephen Moore - Heritage Foundation - @StephenMoore, Barry C. Lynn - New America Foundation