NUGGET of the WEEK...(5)

Goldman Sachs CEO and Chairman Mr. Lloyd C. Blankfein has ran away with this weeks nugget of the week. The economic crisis we are in is attributed to poor lending on sub-prime mortgages and poor regulation from the SEC. The SEC was a close second in this weeks race because they are allowing these firms to basically lie to their customers time and time again.

Recently, Goldman Sachs has been a diamond in the rough when it comes to a financial services company because they seemed to have had their books in order when the crisis occurred. Because of that, they were not affected nearly as bad as some of the other investment firms....until now. What was really going on at Goldman Sachs is they had better people hiding their skeletons which there were plenty of.

Goldman Sachs was charged with fraud early this week and at a reported cost over $1 billion to their customers. They purposefully did not tell clients important information about their mortgage and mortgage backed securities and because of that are going to be hit hard. After all that has gone on over the past couple of years, you would think that these financial firms would have their heads on straight, apparently not. This is becoming a joke and as an innocent American, do we not have some right to place some type of moral punishment on these top executives and CEOs?

Goldman Sachs and most of Wall Street has continually lied to us and for whatever reason we keep doing business with them. It would be nice if the SEC actually did its job and decided to check and balance these firms that are holding over half of the money in the United States. So for being the last one to show your true colors, Mr. Blankfein and Goldman Sachs, you have just been NUGGETIZED. Deal with it.

And for Christ's sake, stop being so greedy!