– From “The Faulking Truth Blog“, by Mark Faulk –

(Part One is posted at http://www.investrendweblogs.net/faulkingtruth/2009/09/11/the-goldman-gang-rides-again-part-one/)

The civil charges filed by the SEC against Goldman Sachs (NYSE: GS) last Friday were a good start, but it was only a first step. There should be criminal charges as well, with those responsible from Goldman, Paulson and Co., and the ratings firms who gave the rotten mortgages a AAA rating being led away in handcuffs.

I’d like to begin this article with a disclaimer: In every walk of life, there are good people. People who just want to work hard, do the right thing, and maybe make a decent living and squeeze a little happiness out of life while they’re at it. Some of those people even work on Wall Street, and to them, I apologize in advance for using broad brushstrokes in this commentary. But here goes…

For the past six years, I’ve been condemning the culture of greed on Wall Street, and along with a handful of other unlikely advocates, have been calling for a complete overhaul of our financial system. The complete collapse of our economy didn’t wake up those on Capitol Hill, who instead bailed out the very institutions who destroyed our country, and by extension the entire world, in the first place.

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