|
|
"A comprehensive, collaborative elections resource."
|
Pundits Agree: Timing of Goldman SEC Suit is Political
|
|---|
| Parent(s) |
Issue
|
| Contributor | excelsior |
| Last Edited | excelsior Apr 21, 2010 02:38pm |
| Logged |
0
|
| Category | Opinion |
| Author | Tom Bevan |
| News Date | Wednesday, April 21, 2010 08:00:00 PM UTC0:0 |
| Description | It's especially rare these days to see pundits from across the political spectrum agree on much of anything. One thing they do agree on, however, is that timing of the SEC's lawsuit against Goldman Sachs is utterly and transparently political -and most also agree that the suit appears to be very weak on the merits. Here's a small sampling from across the pundit spectrum:
Sebastian Mallaby, Washington Post: "Unless the SEC is sitting on more evidence than it has laid out so far, the charge sheet looks flimsy. If Goldman has become a poster child for excessive power on Wall Street, the SEC might become a poster child for government power run amok."
Megan McArdle, The Atlantic: "Regulatory agencies should not be in the practice of helping serve the political ends of the party in power, no matter how worthy those ends. In practice, of course, they often do . . . think district attorneys around election time. But we shouldn't encourage it. To the extent that we want to have anything like a working technocracy, we need those institutions to be as independent from politics as possible."
|
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
