D-Day Is Tuesday: Goldman Sachs' Absolutely Sickening Email Exchanges

This is the same kind of sickening, reprehensible exchanges that happened at Enron when its executives laughed at the misery they were causing poor people unable to pay their energy bills by manipulating California's energy markets. As we highlighted before, people died during heat waves due to those manipulations. By the way, that energy manipulation still exists but rather than Enron, it is happening on Wall Street.

Tuesday's testimony in front of Senator Levin and the Permanent Subcommittee on Investigations could be a defining moment in the history of this country. I hate to overdramatize it but Levin has a history of disdain for Wall Street shenanigans and is a crafty old bird. And, in fact his efforts produced a report some years ago showing Wall Street was manipulating energy markets. Something we have hammered on for years. An issue that has not been addressed one iota.

If Levin and others in Congress can raise public awareness and shift public opinion on Tuesday, it could start an avalanche that Wall Street is unable to control regardless of how much money they spend lobbying Congress. The court of public opinion is much more important than anything the SEC is currently doing. The court of public opinion could drive future activity at the SEC, the FBI, the FDIC, Congress, the White House, etc. Don't be too surprised if Senator Levin isn't quite well aware of this fact and, in fact, has called this session for that every reason. We'll just have to watch and see how serious this is.