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Not us: Goldman execs deny wrongdoing in crisis

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posted on Apr, 27 2010 @ 10:36 PM
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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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posted on Apr, 27 2010 @ 11:48 PM
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reply to post by mike dangerously
 





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.


You're right. Mitch McConnell and many other Republicans were meeting with Goldman Sach's and Citibank Lobbyists before the test vote ever came into motion....yet he states he wants a stronger bill!!


Fundraising from lobbyist to fill up those campaign coffers!!!
www.abovetopsecret.com...



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