That is a careful, very fair headline.
It is the failure to disclose that is the impropriety, not the loan itself.
So that's a problem.
It is also important to identify the bank, Goldman Sachs, in the lede because Goldman was a leading lender in the sub-prime mortgage market, which caused the housing bubble which triggered the Great Recession; because Goldman was singled out by the U.S. Senate for its reckless practices and fined $550 million by the Securities and Exchange Commission; because Goldman was bailed out by the U.S. government, $12.9 BILLION, for AIG's losses, all of which led to charges of favoritism and to comments like this:
“Like many other players on Wall Street and big business, [Goldman Sachs] seek out and get special favors from government.”-Ted Cruz, last year.
Which leads to comments like this on people running for president who make comments like that:
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.-The New York Times.
So basically Ted Cruz can suck my dick.
I have only one question: was the loan in loonies?
It is the failure to disclose that is the impropriety, not the loan itself.
So that's a problem.
It is also important to identify the bank, Goldman Sachs, in the lede because Goldman was a leading lender in the sub-prime mortgage market, which caused the housing bubble which triggered the Great Recession; because Goldman was singled out by the U.S. Senate for its reckless practices and fined $550 million by the Securities and Exchange Commission; because Goldman was bailed out by the U.S. government, $12.9 BILLION, for AIG's losses, all of which led to charges of favoritism and to comments like this:
“Like many other players on Wall Street and big business, [Goldman Sachs] seek out and get special favors from government.”-Ted Cruz, last year.
Which leads to comments like this on people running for president who make comments like that:
Mr. Cruz, a conservative former Texas solicitor general, was campaigning as a populist firebrand who criticized Wall Street bailouts and the influence of big banks in Washington. It is a theme he has carried into his bid for the Republican nomination for president.-The New York Times.
So basically Ted Cruz can suck my dick.
I have only one question: was the loan in loonies?
