Goldman’s Grand Delusions Finally Hit Reality: Jonathan Weil

At least for one day, after years of milquetoast responses to financial depredations, the Securities and Exchange Commission finally can boast that it’s doing God’s work again.

Here’s the real beauty of the SEC’s settlement agreement yesterday with Goldman Sachs. The next time Goldman Chief Executive Officer Lloyd Blankfein goes on television and is asked by some reporter if Goldman committed securities fraud, as the SEC alleged, he won’t be allowed to say no.