Phil Trupp

New Taibbi Feud with Goldman

From sources on Capitol Hill: "GS is running against the tide on naked shorting." The subject appears to be a perennial revolving door, with great swings for and against, and at the middle of it all is confusion. Naked shorting has done much to suck wealth and value out of the markets. Official endorsement of GS' request will lead to more abuse, more controversy, and a continued flow of under-the-table payoffs between Wall Street and its enablers in Washington.