In the 25 April 2010 issue of the New York Times, Frank Rich says, Fight On, Goldman Sachs!. Rich argues that GS’s alleged past misdeeds in the synthetic CDO market, the SEC fraud suit against GS, GS’s protestations to the contrary,  the suspicion that other financial organizations have committed fraud, Senate Minority Leader Mitch McConnell’s obviously flawed assertion that the Senate reform bill somehow guaranteed bank bailouts, and that a Pew Poll finding that even in a divided America 61 percent favor financial regulatory reform, is causing the 41 Republican Senatorial coalition against financial regulation reform to show signs of crumbling around the edges.

In Rich’s words, “The [Republican Senators’] unity pledge in McConnell’s pocket was now worth as much as a mortgage-backed security.”

Check out the links in Rich’s article.

-RichardH