Andy McCarthy and I continue our conversation about Goldman Sachs and the John Paulson security sale below. If Goldman’s behavior was — at the very least — unethical, is that evidence of the need for more regulation?

Some highlights:

1:45: Does unethical behavior point to the need for more regulation?

5:30: The free market won’t punish Goldman because Goldman is quasi-governmental.

6:50 : Are Republicans confusing Wall Street with capitalism?