Edwin Edwards, the flauntingly corrupt former governor of Louisiana, once bragged that “the only way I can lose this election is if I’m caught in bed with either a dead girl or a live boy.” He won the election and even spoke to a convention of investigative reporters, many of whom had been documenting his misdeeds for years, that I attended in San Antonio in the mid-1980s. The feds eventually got him and sent him to the hoosegow.
Ol’ Edwin should have been a well-connected investment banker. Goldman Sachs, the “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money,” has been cleared of wrongdoing for its role in bringing on the greatest financial catastrophe since the Great Depression.
If President Obama thinks forcing the Securities and Exchange Commission to back off will improve his campaign funding, he’s as naive as a Goldman muppet. According to Bloomberg, Goldman, which gave lavishly to him in 2008, has reversed course along with the rest of Wall Street and is backing wealthy Republican Willard Milton “Mitt” Romney. So has GE, which Mr. Obama has bootlicked so obsessively.More