Richard Epstein on Goldman Sachs

Libertarian law professor Richard Epstein has a new column in Forbes under the headline "Leave Goldman Alone." He writes that Goldman weathered a Senate hearing, SEC charges, and now a federal criminal investigation: "Just what does the public gain from three-prong federal inquisition? Those are hard to quantify, but it is easy to tote up the losses. Start with the disappearance of over $20 billion in market capitalization for Goldman shareholders....I fear, however, that the biggest loss from this three-front government campaign against Goldman lies in the declining role of American capital markets in fierce global competition."