Gasparino: DOJ Will Determine Whether Blankfein Stays as CEO Of Goldman, Board Willing To Sacrifice Lloyd In Exchange For Leniency

This sounds like wishful thinking to us.  Blankfein will do everything in his power to stay on as CEO, including but not limited to bake sales for Obama 2012, community service in the Hamptons, and a series of public PSAs discussing the Rapture, Harold Camping and doing God's work on Wall Street.

Full story plus Gasparino video inside.

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Gasparino reveals Blankfein to be offered up by Goldman Board...

Snip:

Wall Street executives and senior people inside Goldman Sachs say Lloyd Blankfein may want to hang on as CEO of the big Wall Street firm, but the final decision will not be his to make. Rather, his fate rests in the hands of the U.S. Justice Department, which is probing statements he made before a Senate committee investigating Goldman’s role in the 2008 financial crisis, FOX Business has learned.

If a probe by the DOJ into Goldman’s conduct ahead of the financial crisis is expedited and the focus turns to Blankfein’s actions, the thinking goes, Goldman’s board of directors will likely offer Blankfein up as a sacrifice in exchange for leniency.

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Video - Gasparino on Blankfein - May 13, 2011

Lloyd is on thin ice says Charlie.

Meanwhile, on Wednesday Bloomberg's Jonathan Weil detailed the impropriety of various members of Goldman's board including Stephen Friedman.

Comments

[Inurface]

What does this schmuck care about GS. Throw the bum out. He got his cash.

[DailyBail]

Under the proposal, Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C) and Ally Financial Inc. would pay penalties and pledge billions of dollars in relief to home buyers, one of the people said, asking not to be named because the talks are private. Firms may fulfill obligations to borrowers over time, choosing among options such as reducing loan principal, cutting fees or paying moving costs, the people said.

http://www.bloomberg.com/news/2011-05-27/states-may-let-banks-pick-borrower-relief-in-foreclosure-accord.html

[dogismyth]

What a fucking joke! Gasbag-arino is a POS as well.

So Blankfein wants to retire, so this is how its going to be staged?

Why doesn't the DOJ bring criminal charges against Blankfein? Lose his job??!!! And the DOJ gets to decide??

I'll say it again...what a fucking joke.

[Miguel Grande]

I see that the Goldman trolls have filled the comment section with garbage. GS is a criminal organization and should be brought down with RICO charges. The FBI should root out all the criminals associated with GS including Cramer, Paulson, Geithner, Bernanke, Obama and so on. Take their homes, wipe out their bank accounts, confiscate investments, and throw their wives and children out into the streets. Do to them like you did to Gotti. They re a giant vampire squid sucking on the face of America.

[Doug]

Oh please don't remove him from Goldman Sachs! We don't want him in our government! Oh what's the use? They're both the same thing. I guess we're stuck with him forever, one way or another.

[Howard T. Lewis III]

The enemy contriols the S.E.C. and will not file or accept an actual complaint against Blankity-blank. They will charge him 10% of his haul this year and he is down the road. This is the inside crew who decided to drop the WTCs and collect the insurance money x 2. Just different faces. A very exclusive group unless you are one of them. Infiltration and war by deceit. In alliance since the start of WWII under their present identity. In alliance going way back before under a more obvious identity with less emphasis on deceit. I would not call it genius. I call it diabolical and shameless. With deadly waiting in the wings. Be on your toes near a trapped wild animal. Keep your distance and remedy the situation, ASAP. Or watch them stew for awhile.