Video: Coburn Asks Blankfein: "Have You Spoken With Anybody At Treasury About The Regulatory Reform Effort"

Archive Video - May 06, 2010

Clip has not been posted at the Bail before.  Part of our new series 'Nightly Lloyd.'

Lloyd Blankfein, Chairman and CEO of Goldman Sachs, is asked by Senator Tom Coburn if he talked to anyone at Treasury about Dodd-Frank.  Comedy ensues.

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Comments

[Dr. Pitchfork]

God I love it when comedy ensues. Especially when it involves some lying twerp from Goldman.

[DailyBail]

lying twerp...that reminds me of the gasparino clip that you posted in draft...that needs to be brought forth for tomorrow...

[SPECTRE of Deflation]

When are they, GOLDMANZ SACK, going to give back the $2.9 Billion Dollars they pocketed when they were paid by AIG for supposed counterparty payoffs? They have stolen this money from the American Taxpayer and American Treasury. The big question is Did Lloyd, "I'm doing God's Work" Blankfein perjure himself before various committees of Congress in regards to the above mentioned heist?

[john]

How Goldman Killed A.I.G.

http://opinionator.blogs.nytimes.com/2011/02/16/how-goldman-killed-a-i-g-and-other-stories/?hp

[snip]

As the crisis unfolded Goldman marked mortgage-related securities at prices that were significantly lower than those of other companies. Goldman knew that those lower marks might hurt those other companies — including some clients — because they could require marking down those assets and similar assets. In addition, Goldman’s marks would get picked up by competitors in dealer surveys. As a result, Goldman’s marks could contribute to other companies recording “mark-to-market” losses: that is, the reported value of their assets could fall and their earnings would decline.

[DailyBail]

we've seen that one john and are getting ready to publish...it's a great piece from cohan...

[SPECTRE of Deflation]

The best part was once they had sold their pure crap marked as AAA CDO, they then bought Swaps against them even though they had no underlying interest once sold to a third party. They did this because they knew the paper they just sold to their marks was basically worthless and sure to blow up. They made money in each step of the planned demolition of the American Economy with the aid of their bought and paid for pollitical hacks. Where are the cops?

[Cheyenne]

Coburn is one of the 75 Senators who betrayed his country by voting for TARP. Still, Lloyd did seem stunned by Coburn's question; his reluctance to answer quickly and honestly with an unequivocal yes is telling.

[josie]

um, baaa, baaa, um., pause...maybe? baaa, um, baaa...like i'm talking to you now...baaa, um, pause...yes? baaa, high level, baaa, um...

[Cheyenne]

josie--

So you noticed that,eh? Wtf, is all I can say. And for all they say about Goldman and power... Wow.

[Josie]

@Cheyenne

Lloyd was thinking: "what should I say? lawsuit...what did our lawyers tell me to say?...shit!"

What he said: baaa, um, general talk...baaa, um, not sure...baa, um, when?...

How many calls did Hank and Geithner make to/take from Lloyd just during the Lehman weekend? Love to play poker with this guy...LIAR, and a really bad one at that...