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"Goldman Sachs Is Far Too Important For Criminal Charges, Could Threaten U.S. Financial System": Brad Hintz

Video - Banking Analyst Brad Hintz loves him some Goldman Sachs - June 2011

Cue the violins.

Following the theme of Matt Taibbi's piece published today, we present this clip of banking analyst and Goldman sycophant Brad Hintz telling Bloomberg:

  • “If an alleged violation is identified during a Goldman investigation, we expect a reasoned response from the Justice Department.  In a worst case environment, we would expect a ‘too big to fail’ bank such as Goldman to be offered a deferred-prosecution agreement, pay a significant fine and submit to a federal monitor in lieu of a criminal charge.”

Goldman Sachs won’t face criminal prosecution related to sales of mortgage-linked securities because such a move could threaten the U.S. financial system, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.

The U.S. Department of Justice, which is reviewing a Senate subcommittee report that alleged Goldman Sachs misled clients before the financial crisis, will avoid jeopardizing the fifth- largest U.S. bank by assets because it’s viewed as “too big to fail,” according to Hintz.

Continue reading at Bloomberg...


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Reader Comments (8)

What a chain-yanking day. The news, the chutzpah.... First corporations took over human rights and added a few new ones, like the right to bribe congress. Now, they declare themselves beyond human constructs like the law. The corporate accountability Hintz refers to is a large part of why we're in this mess in the first place.

Has corporate coddling prevented corporate crime? Hahaha. Hintz sez corporate criminals, if they're important enough, should be, "offered a deferred-prosecution agreement, pay a significant fine and submit to a federal monitor in lieu of a criminal charge.”

"Effin moron. I rob a bank. You offer to prosecute me next century, have my neighbor pay a fine on my behalf, and have me sign a completely worthless piece of paper saying I won't do nothin bad ever again. The road to ruin is strewn with the wreckage of Corporate Integrity Agreements and they don't work any more than waving papers at the Russian mob would stop them from taking over the country.
Aug 18, 2011 at 2:37 PM | Unregistered CommenterG Street
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Aug 18, 2011 at 3:37 PM | Unregistered CommenterTexas Dar
Aug 18, 2011 at 5:43 PM | Unregistered CommenterInurface
The cancer has set in and it needs to be totally cut out before any real heeling can occur. It's going to hurt so the sooner the better the cancer is removed the more likely we are to heel.
Aug 20, 2011 at 10:51 PM | Unregistered Commentermick
Didn't Gotti, Capone, and Clinton think the same thing?
Aug 21, 2011 at 1:10 AM | Unregistered CommenterAl
Thats almost like saying crime is too important to dissolve. Think of all the Policemen that would be out of a job. That is nothing more than a statement created out of fear.
Aug 21, 2011 at 9:48 PM | Unregistered CommenterDave
If Obama is above the Law, then all his friends are...............Lets face it, if Obama can get a way with it, they all can.....
Aug 21, 2011 at 11:06 PM | Unregistered CommenterTexas Dar
Criminal charges? That implies a trial. I'm thinking more like reopening Auschwitz.
Aug 22, 2011 at 4:18 PM | Unregistered CommenterJohn S

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