Why is Goldman Sachs So Scared of Mike Morgan?

[seemslikeadream]

http://www.counterpunch.org/whitney04142009.html

Mike Morgan is a registered investment adviser and a scrappy shoot-from-the-hip guy who doesn't mince his words. Recently Morgan has come under fire from investment giant Goldman Sachs for his hard-hitting web site "Facts about Goldman Sachs". According to the U.K. Telegraph:

"Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices. The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.

Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight. He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.

On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.

"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes." (UK Telegraph)

Morgan agreed to answer a few questions about Goldman Sachs, the TARP and the ongoing financial crisis.

Mike Whitney: Is Goldman Sachs trying to shut down your web site?

Mike Morgan: Yes

MW: Why?

Morgan: The legal answer to that would be . . . you need to ask them the question. I would think it is because we are exposing the truth . . . and the truth hurts.

[AndyA]

1. I suspect if the truth be known about how this financial crisis really went down,

Goldman Sachs plays a much bigger part in it all than most suspect.

I hope there's a thorough investigation, and the parties responsible for managing this mess spend time behind bars.