They're try to act like Goldman sold those derivatives to some Mom and Pop investor. Only the unsophisticated public could fall for such politically driven bull crap.
Obama and Chris Dodd, the author of the proposed legistlation, were the biggest recipients of money from Fannie and Freddie. Dodd, along with his buddy Barney Frank screamed racism when calls for stricter regulations for Fannie and Freddie were proposed. According to them, everybody is America is "entitled" to own a home (even if they cannot afford it and lie about their income). Now, these frauds blame Goldman. Karl Marx and Saul Alinsky would be so very proud of them.
This whole thing was a US government created catastrophe. Democrats in particular. Now they want to blame the banks for the government's failure to investigate when they had a chance. The banks were functioning within the laws put forth by government. Look at Freddie and Fannie for clues!!!