I've been laughing at this process the whole time.
While the SEC is filing charges, the GS CEO is visiting the Whitehouse.
Now GS says they're all in favor of the proposed democratic reform. Quid Pro Quo at its best.
I'm not sure GS supporting the reform helps.
Anyways, GS is the creme de la creme of Wall Street and has been for a long time. They always kick everyones ass. New regulations are opportunities to make more money. They're smarter than everyone else and will be the first to exploit whatever half-assed dimwitted thing the Obama economic mental midgets propose. It's the equivalent of cripples trying to design a more "fair" decathalon.
If the government was smart, they'd of let them eat crap when they over exposing themselves to insolvent counter parties in all those derivative transactions. Instead they bailed out AIG, et al, and saved GS's ass. The government doesn't solve or prevent problems, they create new ones.