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Goldman sachs earnings far exceeded estimates. they exceeded a profit of $3.2 billion. a 90% increase from a year ago. it earned $5.59 versus $4.01 forecast. that as the street's most powerful firm stepped up defense against fraud charges filed by s.e.c. goldman now hired president obama's former white house counsel greg craig as an adviser. now to the battle over financial regulatory reform which is expected to come to a head later this week when the senate takes up the bill and president obama comes to the doorstep of wall street to push for reform. look at this, a new gallop poll out toda...

Another big breaking story today here on msnbc. wall street power house goldman sachs is being accused of defrauding investors in civil complaint filed by the s.e.c. goldman and one of its vice presidents are accused of misleading investors. they say goldman's misstated and omitted key facts about financial investments tied to subprime mortgages. this was allegedly going on as the u.s. housing market began to collapse. dylan ratigan is joining me to explain. if you can try to boil this down and give us a sense, the -- >> here's the accusation and goldman sachs is saying again, the s.e.c.'s cha...