KO had a great clip of Orrin Hatch defending Goldman Sachs and suggesting that the suit was motivated by politics notwithstanding the fact that the two Republican members of the SEC board uniformly opposed any enforcement action against Goldman Sachs even though negotiations between the SEC and Goldman had already gone on for several monnths.
http://www.dailykos.com/storyonly/2010/4/20/859075/-GOP-Runs-to-Defend-Goldman-Sachs,-Wall-Street
Wall Street's best friends, the Republican Senate, are stepping up to protect Wall Street from the mean Democrats. Mitch McConnell and John Cornyn, still not fessing up on what they promised Wall Street execs in their backroom meeting are making no secret of their intent to obstruct reform. Even Susan Collins is going to filibuster.
But it takes some chutzpah to suggest that maybe the case against Goldman Sachs isn't really about the massive fraud they committed on investors, but perhaps about politics. I give Orrin Hatch:
"This whole Goldman Sachs thing, isn't that a little odd that all of a sudden, right at the height of this legislative period, we suddenly have the SEC filing suit against Goldman Sachs?" Hatch asked.
"I think the timing is very suspect," he said....
"There's something terribly wrong here and I don't know what it is, but to do that right at this particular time, you know, the timing is very suspect in my eyes."