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TREAT THE FINANCIAL CRISIS AS A CRIME STORY

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From TheNation.com


TREAT THE FINANCIAL CRISIS AS A CRIME STORY

By Danny Schechter

Director, Plunder The Crime Of Our Time

The case has not even been heard in Court and the company denies all the allegations. Almost every business publication has carried commentaries by insiders who say the government may have a hard time prevailing, and dismissing all the sturm and drang.

And yet the public seems to be delighted if not outraged by the SEC's charges against Goldman Sachs, the opulent investment bank that many Americans see as the poster child of those causing the financial crisis. Even in the world of business where dislike of government crackdowns are dominant a new poll shows that a majority believe Goldman is getting what it deserves

Argyle Executive Forum conducted the survey electronically among its senior corporate leadership community.

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The precise wording of the survey question was: "As Goldman Sachs Group is currently at the center of a legal maelstromtriggered by the SEC's fraud charge last week, we want to ask you how you currently feel about the charges. Please select one of the below:"

" I feel the firm is innocent

" I feel the firm is guilty

" I am currently unsure

The result

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55.2% of business leaders feel Goldman Sachs is guilty

20.7% of business leaders feel Goldman Sachs is innocent, and

24.1% of business leaders are currently unsure"

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.

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