Ratigan Deconstructs Goldman, Connecticut AG Blumental Wants Criminal Charges Filed

We expected Dylan to explode during today's show. We were disappointed as he somehow managed to contain it, and did a pretty good recap of the Goldman affair (if a little too many matchbox cars on the show for our taste). The notable take home for us was that CT AG Blumenthal said that "criminal charges have to be pursued against Goldman." We are sure Cuomo is not too far from this line of thinking. And we would be remiss if we did not point out that credit has to be given where it is due: Gretchen Morgenson (whom half the blogosphere was bashing a month ago over semantics) and Louise Story broke the entire story 4 months ago, and the SEC complaint reads verbatim from the authors' December 24 article.

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Comments

[Buckaroo Banzai]

Hear hear, Blumenthal is awful, like a 10 cent Eliot Spitzer. We can only pray that he gets caught with a hooker as well. Bleccccchhhhh.

[Grand Supercycle]

Overtextended SP500 / DOW daily charts show bearish warnings and the next few days will tell us more.

DOW chart :

http://www.zerohedge.com/forum/latest-market-outlook-0