I was excited to hear this news this morning. However, I am not fully convinced that even a tiny fraction of their fraud is brought to light. This is a bit late, but a decent start. However, I don’t think this doesn’t make any dent in GS. Furthermore, Obama admin may be playing politics here. If Republicans block regulation after this news, there will be major backlash against them. That doesn’t mean that Obama’s proposed regulation has any teeth.

What happened and how they did it? Follow this link:

I am up to my eyeballs – and will get back with more stuff on this subject later.