"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.