“…Let us assume that the Justice Department vastly would have preferred to prosecute Goldman Sachs for its shady dealings in peddling toxic mortgages during the real estate boom -
- rather than put out the statement it issued late Thursday saying in essence, “Never mind – and enjoy the Hamptons.”
Let us assume this, because the visuals of not prosecuting are bad for nearly everyone involved.
The failure to prosecute enhances the public perception that ordinary people got screwed during the real estate bubble -
- while savvy Wall Street executives loaded money bags onto private jets – and decamped to comfortable islands…”
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