Rarely does one see a more perfect illustration of the Obama administration’s tortured relationship with Wall Street.
On August 9, the Justice Department and the SEC both announced [3] the end of investigations into potential criminal behavior related to Goldman’s handling of mortgage-backed securities in the runup to the financial crisis. That same day, the Center for Responsive Politics reported [4] that Goldman employees had switched from giving 75 percent of their campaign donations to Democratic candidates in 2008 to giving 70 percent of of their donations to Republicans in 2012.
That’s called having your mortgage fraud [5] cake and eating it too. Continue reading »








