--- title: Is Goldman Too Big to Obey the Law? description: In the wake of Friday's civil fraud complaint filed against Goldman Sachs, the blogosphere has had all weekend to reflect upon the implications of the… authors: - name: timestaff url: https://money.com/author/timestaff/ articles: 459 covers: - Banking - Career Advice - Credit - Credit Cards - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes former_staff: true published: '2010-04-19T18:43:52.000Z' modified: '2024-05-07T08:40:01.000Z' section: Business tags: - civil fraud complaint - Goldman case - Goldman Sachs - Goldman too big - wall street word_count: 230 canonical: https://money.com/is-goldman-too-big-to-obey-the-law/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Is Goldman Too Big to Obey the Law?](https://money.com/content.money.com/wp-content/uploads/2014/06/140601_money_gen_13.jpg?crop=0px%2C733px%2C4780px%2C2689px&resize=1012%2C569&quality=85&strip&ssl=1) In the wake of Friday's civil fraud complaint filed against Goldman Sachs, the blogosphere has had all weekend to reflect upon the implications of the news. Here's some of the best commentary: - "Wall Street has gotten a lot of mileage," notes Ezra Klein, "out of the accusation that the political system simply doesn't understand how Wall Street works. And that's, well, correct. The problem is that *[Wall Street also doesn't understand](http://voices.washingtonpost.com/ezra-klein/2010/04/wall_street_says_washington_do.html) how Wall Street works.*" \[Ezra Klein\] - It's not just that banks have gotten too big to fail. As the Goldman case is making clear, they've gotten [too big to obey the law](http://baselinescenario.com/2010/04/19/goldman-sachs-too-big-to-obey-the-law/). \[The Baseline Scenario\] - Reluctantly coming to Goldman's defense, Jeff Matthews finds Exhibit A: Evidence that the bank's alleged victims in this deal [weren't quite so innocent](http://jeffmatthewsisnotmakingthisup.blogspot.com/2010/04/from-bacchus-to-abacus-exhibit-in.html). Goldman, he writes, "did not, it would seem, drag them kicking and screaming. More like skipping and singing." \[Jeff Matthews Is Not Making This Up.\] - Even so, there's a real threat to Goldman here: All the additional dirty laundry that could be aired during this case's discovery process. \[Matthew Yglesias\] - Finally, Barry Ritholtz comes up with [a provocative baker's dozen worth of questions](http://www.ritholtz.com/blog/2010/04/questions-sec-litigation-vs-goldman-sachs/) that the SEC's actions raise. Such as Question #11: "What does this mean for ‘*Government Sachs'*? Might GS see their privileged positions within Governments (US and others) curtailed?" Discuss. \[The Big Picture\] *Follow Money on Twitter at* [*http://twitter.com/money*](https://twitter.com/money). ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/is-goldman-too-big-to-obey-the-law/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Asset Management", "item": "https://money.com/asset-management/" }, { "@type": "ListItem", "position": 4, "name": "Is Goldman Too Big to Obey the Law?" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/is-goldman-too-big-to-obey-the-law/#webpage", "url": "https://money.com/is-goldman-too-big-to-obey-the-law/", "name": "Is Goldman Too Big to Obey the Law?", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2010-04-19T18:43:52.000Z", "mainEntity": { "@id": "https://money.com/is-goldman-too-big-to-obey-the-law/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/is-goldman-too-big-to-obey-the-law/#breadcrumb" }, "dateModified": "2024-05-07T08:40:01.000Z" }, { "@type": "Article", "headline": "Is Goldman Too Big to Obey the Law?", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2014/06/140601_money_gen_13.jpg?quality=85", "width": 4780, "height": 3540 } ], "author": [ { "@type": "Person", "name": "timestaff", "url": "https://money.com/author/timestaff/", "@id": "https://money.com/author/timestaff/#author" } ], "publisher": "https://money.com/#organization", "datePublished": "2010-04-19T18:43:52.000Z", "description": "In the wake of Friday's civil fraud complaint filed against Goldman Sachs, the blogosphere has had all weekend to reflect upon the implications of the…", "abstract": "In the wake of Friday's civil fraud complaint filed against Goldman Sachs, the blogosphere has had all weekend to reflect upon the implications of the…", "@id": "https://money.com/is-goldman-too-big-to-obey-the-law/", "inLanguage": "en-US", "dateModified": "2024-05-07T08:40:01.000Z", "wordCount": 230, "keywords": [ "civil fraud complaint", "Goldman case", "Goldman Sachs", "Goldman too big", "wall street" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "Asset management", "sameAs": [ "https://en.wikipedia.org/wiki/Asset_management" ] } ] } ] } ```