This one pretty much speaks for itself. Calling all pitchforkers, please proceed with caution after reading. Violence is not the correct response to this bit of insanity. Laughter and reform will suffice.
Fresh from his Senate grilling, Blankfein appeared on Charlie Rose Friday. Just a few hours before this interview, it was announced that the DOJ has opened a criminal investigation into Goldman Sachs. And the Washington Post reports the probe to be substantially wider than the SEC civil case.
I found 2 short clips, and have included a link to the full interview at PBS. It's all inside.
C-SPAN Video: Former President Bill Clinton comments on Goldman Sachs and the SEC while speaking at the Peterson Foundation in Washington, DC -- April 28, 2010
Short clip runs 4 minutes. Clip is from the day beofre the Justice Department announced a criminal investigation into Goldman. Slick Willy spoketh too soon.
White House Correspondents Dinner: Obama Takes Shots At Palin, Brown, Massa, Boehner, Biden, Goldman Sachs, And His Missing Birth Certificate (Video & Transcript)
Video: President Obama -- May 1, 2010
Politics aside, President Deficit speaks for the first 16 minutes and is excellent, and the rest is Jay leno, who bombed pretty severely.
Obankster drops the F-bomb in the first minute. Transcript inside.
Two written interviews with Kaufman from the past 48 hours.
The Goldman Sachs hearings have provided palpable momentum to a charge led by Senators Kaufman and Brown to limit the leverage, size and scope of the too-big-to-fail banks.
And as a result, their earnings. To wit, there was a report out yesterday highlighting that current derivatives legislation could cost Goldman Sachs us much as 41% of their profits. For FY '10 that would be $4 billion. Ouch.
GM is paying back Uncle Sam to shake him down for more money.
CNBC Video: James Chanos and Bill Ackman -- April 27, 2010
Video: Jim Chanos on Obama's speech, financial reform, and fraud investigations -- April 22, 2010
Chanos begins after the 3-minute mark. He is preceded in the clip by Obama's speech on Wall Street reform and a few minutes with Bobby Pisani.
Some quotes and a link are inside.
Tim Geithner Is A Worthless Piece Of Maggot Sh**T (Shockingly Offensive Bailout Rant From WalStreetPro)
Video: If you haven't seen this before, buckle up...seriously
Yesterday's hearings were an exercise in frustration, anger and futility. Then I watched some WalStreetPro and felt surprisingly better. You do the math.
If you don't like profanity, then don't watch. Consider yourself warned. And don't send me emails telling me I'm going to hell. (I already know that and have made reservations.) For the rest of you, get ready for a ride.