Count me among the skeptics regarding the reams of opinion coming out this weekend that the pending SEC case against the vampire squid stands an excellent chance of opening the floodgates (of hell) on the likes of said squid and other high profile criminal actors slouching and slithering about the banking and financial world.
Whatever the outcome, we onlookers are about to have something either affirmed or called into question. Should the SEC drop the ball in this case, as they customarily do-when they don't simply turn their backs on capital market criminality, as I would assert is their actual remit -then those who are in doubt should have irrefutable proof that, where the Obama Administration is concerned, our President is, indeed, not a change agent but, rather, a calcifying one. However, if this case gains steam, and most importantly, becomes a criminal proceeding, hopefully with local magistrates riding herd on the lawsuits, some of us will have to rethink matters regarding the true nature of Obama and Co. In the meantime, I'm not holding my breath.