If you're a politician, and you want to destroy the private financial marketplace - you first demonize it. Today the politicians - make that the Democrat politicians - are going to grill Goldman execs about their investments in collateralized debt obligations - the very issue over which Goldman Sachs has been sued by the Securities and Exchange Commission. Questioning will center on whether or not, and if so, why, Goldman bet against the very securities they designed for sale to investors. My guess is that the Goldman execs will be spectacularly unable to respond to the politics. Maybe its out of fear, or perhaps its just the difficulty that usually lies in combating hysterical rhetoric with fact and logic. At any rate, it should be interesting to watch. Just keep this in mind: The aim of these politicians is to exercise more and more control over the nation's economy; the ultimate goal being a centrally government-planned economy rather than a free market economy. Their questioning will be aimed more at demonizing Goldman than it will be at extracting information. Let's check back tomorrow and see how close I hit this.

Look ... I'm not giving a free pass to Wall Street and large banks here. I certainly do have my problems with them. I recognize, though, that there is a war being waged right now by the left to destroy economic liberty in this country. The left isn't so much interested in correcting problems as they are in destroying private financial markets. In everything the left does there is always the quest for more power. They cannot see why they should not be controlling something as large as the U.S. economy; but to do that they must first demonize and then destroy the major private aspects of that economy. One of those battles will be fought today in a hearing room on Capitol Hill.