Letting the fox guard the henhouse
Is it just me or does this piece of news strike others as being just wrong as well:SEC Taps Goldman Executive for Enforcement Role
The first thought that popped into my mind when I heard this was, "WTF isn't there anyone else out there who was qualified for this position." I mean good grief, is there any single company out there that has been implicated in any more shady dealings than Goldman has and this guy was the head of the company's "Business Intelligence Group."
I realize that people will always take aim at you and start rumors about you when you're on top, but where there's smoke there's usually fire. Even if everything that Goldman has been doing is completely legit, why appoint someone to such a high profile enforecment position like this who has any ties to the organization.
Is there any level of government or enforcement that GS hasn't spread its tentacles into? Yuck.