Not us: Goldman execs deny wrongdoing in crisis
By MARCY GORDON and TOM RAUM, Associated Press Writers Marcy Gordon And Tom Raum, Associated Press Writers – 1 hr 45 mins ago
WASHINGTON – Defending his company under blistering criticism, the CEO of Goldman Sachs testily told skeptical senators Tuesday that customers who
bought securities from the Wall Street giant in the run-up to a national financial crisis came looking for risk "and that's what they got."
Lloyd Blankfein and other Goldman executives were lambasted by lawmakers for "unbridled greed" in an often-electric daylong showdown between Wall
Street and Congress — with expletives frequently undeleted. Unrepentant, five present and two past Goldman officials unflinchingly stood by their
conduct before a Senate investigatory panel and denied helping to cause the financial near-meltdown that turned into the worst recession since the
Great Depression.
The dog and pony show continues we get the usual half-harted scolding and mid-term election year posturing,meanwhile they meet with the corprate
lobbyists and beg for their continued support.
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