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The Goldman Hits the Fan!

This was UGLY! Someone over there at DOJ should be saying the RICO Word…

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‘God, What a Piece of Crap’

By Robert Scheer

It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs’ reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney. The case was broken and the truth about the depth of Goldman’s corruption revealed in his startling cross-examination of Goldman Chief Financial Officer David Viniar.

The Michigan Democrat, citing the language of the internal e-mails of Goldman traders concerning the deceptive products they were selling, asked: “And when you heard that your own employees in these e-mails are looking at these deals said `God what a shitty deal. God, what a piece of crap,’ when you hear your own employees and read about those e-mails, do you feel anything?”

Viniar’s answer told us all we need to know about the banal but profound immorality of Goldman’s business culture: “I think that’s very unfortunate to have on e-mail.”

A flabbergasted Levin cut in with “On e-mail? How about feeling that way?” and Viniar, apparently moved by jeers of ridicule from the audience, conceded “I think it is very unfortunate for anyone to have said that in any form.” Pressed further by Levin asking, “How about to believe that and sell them?” the CFO finally conceded, “I think that’s unfortunate as well.” To which Levin responded, “That’s what you should have started with.”…

more about “Carl Levin Smacks Down Goldman CFO On…“, posted with vodpod

 
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Posted by on April 27, 2010 in American Greed

 

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Bill Kristol Discovers CALEA – or, Juan Williams Grows a Pair

Not sure what is happening with Juan Williams here, this is the second or third time he’s shown a spine in contradicting the Faux News talking head story line.

Now, Kristol was a full fledged supporter of the Patriot Act, which incorporated and expanded legislation passed back in the 90’s called CALEA, which required ISPs to save electronic communication for a period of 3 years – such that the Government could “wiretap” conversations going back for that time period.

In 2005, talking about the Mukasey confirmation –

Judging also by what Mukasey has written and said outside the courtroom about the Patriot Act and related matters, we can be confident he’ll be effective at making the case before Congress and the public for tough legislation and sound policies on national security issues.

Mukasey’s view of the Patriot Act can be found here – ‘The Spirit of Liberty’ – Before attacking the Patriot Act, try reading it.

Now isn’t it interesting that Mr. Kristol has suddenly found an issue with the Patriot Act/CALEA – now that his own private ox benefactor criminals are being gored?

Goof job, Juan – but if you keep this up you’ll have to find a job on another network!

 

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