Goldman Sachs Tightens Its Grip On Our System

SEC Said to Hire Goldman’s Storch to Be Chief Operating Officer here's the link from Bloomberg News:  LINK  The headline should read:  "Goldman Sachs To Enforce Securities Laws:  The Mafia Don Gets To Guard The Bank"

Call me cynical, but does anyone really believe that this 29 yr. old would ever go after his own firm?  We see how much money Goldman will be paying its employees this year.  What does this kid get in exchange for taking a Government job?  How about the possibility that this kid shuts down operations at firms that compete with Goldman, for Goldman's benefit?  Please tell me this is some kind of joke.

Let's be honest here.  To what extent does ANYONE really believe that a 29 yr. old with very little securities industry experience, let alone general business world experience, will be able to wield the influence and power necessary to crack down on the fraud and corruption mushrooming out of control in our financial system?  Seriously?  This kid's greatest accomplishment to date was creating a Clinton supporter website at NYU.  Please wake me up from this bad dream...

I'm sorry, but I have to believe that with all the public criticism that the Obama Administration has received for basically being seen as a lapdog for Goldman Sachs, I have to believe that the SEC's Mary Shapiro could have found another source for hiring a COO.  

Seems like everyday I wake up to find more news that blows my mind and further convinces me that a few firms on Wall Street are running our Government. Something is VERY wrong in our system and I am convinced now more than ever that we really have no idea who this person is that was elected on a platform of "Hope and Change,"  because I have yet to see anything that Obama has done for the benefit of anyone except Goldman Sachs and JP Morgan (for the record, I originally suppported Obama but did not cast a vote for him).

What does Goldman have in store for its coup de grace...or is it a coup d'etat?