Why should they? Everyone in Washington made sure to avoid any strings being attached to the bailout that saved Wall Street and Goldman Sachs from ruin. The problem now is that Goldman is certain that it’s above the law of the land. Unfortunately they’re probably right as well. They know they can get away with anything because they are on the short list of “even bigger than too big to fail” in the financial industry. Until Washington decides to get serious about reform we will see more of this behavior. There’s a complete lack of appreciation for being saved and protecting their precious bonuses.

Phil Angelides, the chairman of the Financial Crisis Inquiry Commission, said that while the overwhelming number of financial firms from which the FCIC has sought documents or information have complied, Goldman has not. Instead, Goldman has been “dumping” an overwhelming volume of documents on the FCIC, which has a staff of just over 50 people. “We did not ask them to pull up a dump truck to our offices to dump a bunch of rubbish,” Angelides said during a conference call following the announcement that the FCIC had sent Goldman a subpoena Friday.