The legal definition of financial fraud may be murky and complex, but everybody knows you can't lie to Congress. The punishment is up to five years in federal prison.
Former MLB pitching great Roger Clemens is indicted for almost the exact same thing.
Will it happen again, this time to the "1100-pound medical emergency" that is Goldman?
Notable Recipients of Goldman Sachs political donations (2008)
D-Barack Obama ($995,745)
D-Hilary Clinton ($401,950)
R-Mitt Romney ($235,275)
R-John McCain ($234,695)
R-Rudolph Giuliani ($111,725)
D-John Edwards ($71,650)
D-Rahm Emanuel ($42,350)
Notable Recipients of Goldman Sachs political donations (2010)
D-Senate Majority Leader Harry Reid ($44,300)
R-House Majority Leader Eric Cantor ($27,650)
R-House Speaker John Boehner ($15,000)
R-Senator Roy Blunt ($51,692)
D-Congressman Jim Himes ($40,750)
R-Senator Marco Rubio ($35,092)
R-Senator Richard Shelby ($34,600)
D-Senator Charles E. Schumer ($31,900)
R-Congressman Robert Dold ($23,800)
Notable Past Donations
Former President George W. Bush (R)---(2004, $390,675---2000, $137,499)
Former President Bill Clinton (D)---(1996, $43,384---1992, $99,275)
Presidential Candidate John Kerry (D) (2004, $304,750)
Presidential Candidate Al Gore (D) (2000, $97,050)
Former President George Bush (R) (1992, $68,250)
Former and current Treasury secretaries previously employed by Goldman or with substantial links to Goldman
Appointed by Clinton (D), Robert Rubin (1995-1999)---former co-chairman of Goldman Sachs
Appointed by Clinton (D), Lawrence Summers (1999-2001)---paid $135,000 for a speaking engagement for Goldman Sachs in 2008, appointed Obama Adminastration's Director of the White House National Economic Council.
Appointed by Bush (R), Henry Paulson (2006-2009)---former CEO of Goldman Sachs
Appointed by Obama (D), Timothy Geithner (2009-present)---former head of the Federal Reserve Bank of New York.
American taxpayers deserve better. It is clear that the banks cannot be trusted to regulate themselves, and that the unchecked power and influence such firms as Goldman have in Washington have come at the cost of graft and perjury that has cost American children the opportunity to live debt-free, and American workers the chance at a secure and prosperous job. I sincerely hope for justice, but I know there probably won't be any because...
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