Sense on Cents

Last week, I introduced readers to a developing story in the Longhorn state. I wrote Hook ’em Horns Complaint: State of Texas v. Goldman Sachs et al, highlighting a potential lawsuit on behalf of the great state of Texas against Wall Street. While some may view this lawsuit as a political football being kicked by Democratic candidate for Attorney General Barbara Ann Radnofsky, I would encourage people to look beyond that and appreciate that a wide array of respected professionals from a variety of backgrounds are endorsing this complaint. Additionally, I would ask those who view this as purely political whether they believe there was no fraud involved in our current economic crisis. To that end, how can you not possibly support a complaint that may bring a degree of transparency and integrity to a situation that has seen little to none of either of those virtues?

This developing story took another twist today as the following press release was put forth: (more…)