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Why the Goldman Sachs indictment is good news

By Tom Streithorst  

Goldman Sachs: the Goliath of Wall Street.

What a difference an indictment makes. Only back in February, President Obama called Goldman Sachs CEO Lloyd Blankfein a “savvy businessman” and said he didn’t begrudge the financier his $9m bonus. Yesterday, a bipartisan senate committee joined together to beat up on the man. It seems the SEC civil suit against Goldman has become a real game changer. A few weeks ago, the chances for financial reform seemed paltry. Today, even Republican senators are turning against Wall…

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