posted on Apr, 27 2010 @ 06:56 PM
WASHINGTON – The CEO of Goldman Sachs testily defended his company's ethics and business practices during the nation's financial crisis on
Tuesday, saying customers who bought securities from the Wall Street giant came looking for risk "and that's what they got."
Really, Lloyd Blankfein? Is that what happened? They came looking for risk? Wait till you read this next piece of buffoonery:
"Unfortunately, the housing market went south very quickly," Lloyd Blankfein told skeptical senators on an investigatory panel. "So people lost
money in it."
So that's the long and the short of it , is it Lloyd? Ya just cleared that right up for everyone , didn't ya buddy? Yeah, thanks, but no...
This next part is just as baffling:
"He was the final witness in a daylong hearing on Goldman Sachs' behavior, which resulted in a government civil fraud charge earlier this month.
Five present and two former Goldman officials held their ground in hours of contentious testimony, unflinchingly defending their conduct and denying
that the Wall Street investment bank helped cause the near-meltdown of the nation's financial system."
(same source linked)
How could the tesitmony have been contentious? How could they have been unflinching? How dare they say Wall Street played no part in the collapse of