“Goldman is the wrong target”

Read this analysis of Jeremy Siegel on the illogical nature of the SEC strike suit against Goldman as a helpful antidote to the hysteria being propagated by people like Yves Smith at Naked Capitalism and Matt Taibbi at Rolling Stone.

Siegel endorses the concern I have raised that the SEC action is politically motivated. If true this suggests the overall risk of investing in the US is going up as the support for the rule of law declines.