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Lloyd Blankfein testifies that he was never asked to take a discount on the AIG swaps held by...

Lloyd Blankfein testifies that he was never asked to take a discount on the AIG swaps held by Goldman Sachs (GS) that got paid out at 100%. “I never got a request myself about taking less, it never came up in any conversation I can recall,” he told the Financial Crisis Inquiry Commission. (live video)
Comments (6)
  • coloneldebugger
    , contributor
    Comments (905) | Send Message
    "I never got a request myself about taking less..."


    I, myself, see one very key word in that quote.
    13 Jan 2010, 11:15 AM Reply Like
  • life
    , contributor
    Comments (8) | Send Message
    13 Jan 2010, 11:32 AM Reply Like
  • farmer448
    , contributor
    Comments (229) | Send Message
    Of course when you know the fix is in at the FED why would he take a haircut.
    I also agree with the carefully worded "I". So who actually was the contact with AIG at GS???


    Let the lawyers ruin the world. Ethics, Booooo.
    13 Jan 2010, 11:38 AM Reply Like
  • 92257
    , contributor
    Comment (1) | Send Message
    Lloyd almost got us!


    He certainly added some qualifying words to his statement. Let's see, he could have said "I never got a request about taking less." and that would have saved him 11/19 of the words he purposefully used to make his villainy nebulous. (11/19...hmmm. As a lark lets explore this to the very ends for some conspiracy fans. Does it represent a numerical anagram of 9/11/_1 or maybe it refers to Matthew 11:19 for those with a religious bent?) Maybe it just is there to stimulate my smoke detector. Yeah, that must be it.


    I am very relieved to hear that GS is finally equal opportunity (well, relative to education track). At some point GS simply had to to exhaust the ranks of bona fide, and aspiring, theoretical physicists and computer science PhDs from the hallowed ivy league nomenklatura. Apparently GS has dug so deep that they are now resorting to verbal subterfuge, perhaps they made an acquisition of some new talent from one of the softer, and coincidentally, much more available education paths of speech communication and rhetoric.
    13 Jan 2010, 12:14 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
    all I heard was that they were very smart investors who wanted the product they were queston is if they were so smart...why can´t they take the loss too....why ANY bailout at all.....that is where the Government went wrong....the collapse of the financial system would have been the collapse of GS bonuses...that is all...I could have survived that....
    13 Jan 2010, 01:25 PM Reply Like
  • jpiretti
    , contributor
    Comments (712) | Send Message
    You have got this all wrong. It was GS that made the right trade. It was AIG who sold an insurance policy in an un-regulated market and didn't have the capital to pay off when the corporate debt defaulted. Why anyone would think that deregulation (no capital minumims) would made the financial industry more efficient has got to be nuts.
    13 Jan 2010, 02:04 PM Reply Like
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