This is getting fishier and fishier. First, the announcement was made the same day as the SEC is getting blasted for their role in the "Stanford situation". Was this coincidence or strategic? I don't believe in coincidence.
Next, it's rumored that the SEC vote to pursue this was 3 to 2. This is unusual in itself as decisions are typically unanimous, if in fact it was "along party lines" as rumored, it really makes you wonder if this action was politically motivated. If GS takes this to court all kinds of crap will come out. I bet the SEC will not let it come to that.
The SEC is really losing face in this mess. I say blow it up and start over, not the regulations, the people. I have had dealing with the SEC, they are just a bunch of lawyers and wouldn't know how to analyze a financial statement if their life depended on it,typical lawyers.
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