Dems, GOP Want DOJ Probe of Goldman

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A letter drafted by Rep. Marcy Kaptur (D-Ohio) calling for a criminal investigation of Goldman Sachs has garnered more than 140,000 petition signatures as well as the support of 61 members of the House, including Republican congressman Michael Burgess of Texas. Kaptur’s letter, addressed to Attorney General Eric Holder, draws on the allegations cited in the Securities and Exchange Commission’s securities fraud suit against Goldman, and says the DOJ should go one step further by pursuing criminal charges against Goldman. “If the DOJ is not currently looking into this particular case, we respectfully ask you to ensure that the US Department of Justice immediately open a case on this matter and investigate,” Kaptur’s letter says.

Kaptur and members of the Progressive Change Campaign Committee, the organization that drummed up the petition signatures and also made some 4,000 calls to Congress about a Goldman criminal suit, will meet outside the DOJ today at 2 pm to turn up the heat on Holder. The pressure from Kaptur and PCCC comes at a incredibly tough juncture for Goldman. In addition to the SEC’s civil suit, Goldman’s top executives, including CEO Lloyd Blankfein, face a shareholder suit in New York surrounding the firm’s controversial collateralized debt obligations deal (the same at the center of the SEC suit). The firm is also the defendant in a class-action suit over mortgage securities. Blankfein has said he and the firm will fight the SEC’s suit.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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