rssGoldman’s Blankfein: SEC Case Will ‘Hurt America’
Thursday, April 22, 2010 at 10:01 am
- 13 Comments
Lloyd Blankfein — head of Wall Street giant Goldman Sachs, against which the SEC filed civil charges last week for defrauding clients in some mortgage-backed securities trades — famously stopped speaking to the press after he mentioned he thought Goldman was doing “God’s work” in the midst of the biggest financial crisis since the Great Depression.
My guess is that the public still won’t be hearing from Blankfein too often. The Financial Times reports that in his numerous calls to major clients, assuring them of the firm’s stability despite the SEC charge, he has argued the suit will “hurt America.”
Unlike Goldman’s participation in over-financializing the U.S. economy, stoking the mortgage crisis and shorting the housing market, leading to an $8 trillion loss in household wealth, the suit will hurt America. Right.
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13 Comments
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Comment posted April 22, 2010 @ 4:25 pm
L'etat, c'est Blankfein..?
Unless, of course, “America” actually means Blankfein's already obscene pile of cash. Then it makes perfect sense.
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Pingback posted August 23, 2010 @ 6:18 pm
[...] huge plumes of oil are suspended undersea, said BP. The charges against us will “hurt America,” said Goldman. The safety-related allegations against us are “a big lie,” said Massey. The independent [...]
Pingback posted August 23, 2010 @ 7:53 pm
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Pingback posted August 24, 2010 @ 9:08 pm
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Pingback posted August 24, 2010 @ 9:19 pm
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[...] huge plumes of oil are suspended undersea, said BP. The charges against us will “hurt America,” said Goldman. The safety-related allegations against us are “a big lie,” said Massey. The independent [...]
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