Illustration: Lazaro Gamio/Axios

Two former Goldman Sachs bankers were indicted on criminal charges this week.

The details: Tim Leissner, the bank's former chairman of Southeast Asia, has already pleaded guilty. His colleague Roger Ng was arrested in Malaysia and will be extradited to the U.S. Andrea Vella also appears in the complaint, as Co-Conspirator #4. He has been placed on leave by Goldman, just two weeks after becoming the bank's co-chairman of investment banking for Asia, excluding Japan.

Leissner stole money from Malaysia, embezzling development-bank funds for the criminal conspiracy. According to the complaint, "more than $2.7 billion was misappropriated by the defendant Tim Leissner and his co-conspirators." The complaint makes it clear that some of that money ended up going to Leissner personally, over and above his handsome Goldman Sachs bonus checks.

  • Leissner has agreed to forfeit $43.7 million. Which is a lot of money even for the husband of fashion model and designer Kimora Lee Simmons.

Goldman Sachs itself has not been charged, yet. It says that it "continues to cooperate with all authorities investigating this matter."

Why it matters: Goldman Sachs facilitated the greatest heist of the century.

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Breaking down the Tesla obsession

Illustration: Sarah Grillo/Axios

Tesla is the company of the moment — the prime exemplar of just about any big and important trend that you might care about.

Why it matters: Almost every reader of finance and business news will have at least one strongly-held opinion about Tesla. What you might not realize is just how widely those opinions range, and the degree to which they map onto much broader views of the world.

Gallup: Party preference swings dramatically in favor of Democrats

Photo: Jim Watson/AFP via Getty Images

Americans' political party preferences have swung sharply from a 2-point Republican advantage in January to an 11-point Democratic advantage in July, according to Gallup's monthly averages of telephone polls in 2020.

The big picture: The dramatic shift is more a product of fewer people identifying as Republican or Republican-leaning (down 8% since January) than gains among those who identify as Democratic or Democratic-leaning (up 5%).

Nancy Pelosi: "I yearn for other Republican presidents"

House Speaker Nancy Pelosi (D-Calif.) called on President Trump Thursday to exercise "the full power" of the Defense Production Act to meet coronavirus equipment needs and accused him of engaging in a "massive dereliction of duty" by ignoring science during the pandemic.

What she's saying: "I yearn for other Republican presidents," Pelosi said at a press conference. "While we may have disagreed on many points, but at least we had a shared commitment to the governance of our country."