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Matt Taibbi: Goldman Non-Prosecution: AG Eric Holder Has No Balls

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n the notorious Hudson transaction, Goldman claimed, in writing, that it was fully "aligned" with the interests of its client, Morgan Stanley, because it owned a $6 million slice of the deal. What Goldman left out is that it had a $2 billion short position against the same deal. If that isn't fraud, Mr. Holder, just what exactly is fraud? Holder's non-decision on Goldman is more than unsurprising. It amounts to an official announcement that the government is no longer in the business or prosecuting smart criminals. It's pathetic. The one thing you pay any lawyer to have is balls, and our nation's top attorney has none.

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