Goldman’s Blankfein: SEC Case Will ‘Hurt America’

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Thursday, April 22, 2010 at 10:01 am

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

The Panic Attacks
Pingback posted April 22, 2010 @ 11:54 am

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Goldman's Blankfein: SEC Case Will 'Hurt America' « The Washington … Help
Pingback posted April 22, 2010 @ 3:47 pm

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strangely_enough
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.


Linking up II, government follies edition « eats shoots 'n leaves
Pingback posted April 23, 2010 @ 12:28 pm

[...] exemplifies that quality, in esnl’s HO than Goldman Sachs boss Lloyd Blankfein, as exemplified in this from the Washington Independent’s Annie Lowrey. Lloyd Blankfein — head of Wall Street giant [...]


ejjewell
Comment posted May 6, 2010 @ 8:50 pm

All US Corporations and Big Wallstreet Firms need to buy all Legal Americans Roth IRAs in overseas profits from Corporations and % of Naked Shorting profits by firms..These Roths can never be touched by wallstreet and can be redeemed only by the American holding it without penalty.


Trust and Consequences | Christine Arena
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 [...]


Trust and Consequences: Why do some companies win public trust and others lose it? « 3BL Media's Commentary and News
Pingback posted August 23, 2010 @ 7:53 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 [...]


Trust & Consequences – sparkUp
Pingback posted August 24, 2010 @ 9:08 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 [...]


sparkUp
Pingback posted August 24, 2010 @ 9:19 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 [...]


Trust and Consequences | sparkUp
Pingback posted September 29, 2010 @ 10:52 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 [...]


blogmafia
Comment posted September 2, 2011 @ 4:56 pm

Thank you. Fine issues.I have added to your favorites


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