Channeling Robert Rubin, Clinton Says Goldman Sachs Didn't Break Law (VIDEO)

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.

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Clinton:

• “I’m not at all sure they violated the law, but I do believe that there was no underlying merit to the transaction and that’s what I think we need to look at."

• “I don’t think it is self-evident” Goldman Sachs broke the law because investors “had access to the same information” as Paulson, Clinton said at a conference in Washington focusing on the federal government’s financial picture. “What is evident to me is that, whoever wins and loses in that deal, there is no larger purpose for the American economy -- nobody really benefits except the person that wins the gamble.”

Don't forget the massive derivatives regulatory failure that occurred under Clinton, and with his explicit blessing.  It is detailed in this piece from PBS:

PBS Frontline: The Warning -- How Greenspan, Summers & Rubin Conspired To Silence Derivatives Whistleblower Brooksley Born (Complete VIDEO & Transcript)

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New interview with former Goldmanite and Clinton Treasury official Gary Gensler:

Clinton Should Have Done More on Derivatives, CFTC's Gensler Says

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Outstanding Clip:

32 Seconds Of Nassim Taleb Kicking Bob Rubin's Ass  >>

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(Screenshot...only email & RSS subscribers should click photo)

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