###The Great Bank Robbery Conspiracy Paulson Bernanke Geithner Goldman Sachs Bankers Steal Your Money Bank Hearings Video Summary
(As posted in Before It's News...Read the full article...click here)
###Goldman CEO Supports Fiduciary Standard as published by Financial Advisor (FA...click here)
Blankfein faced tough questioning during the hearing from former California State Treasurer Phil Angelides, who heads the commission. Angelides, at one point, asked Blankfein whether a practice of betting against some of the subprime mortgage securities Goldman was selling to investors was a conflict of interest.
He replied that Goldman didn't have a legal obligation to disclose when it was betting against the securities it was selling.
"We are not a fiduciary," he said.
###RobertM made some very good comments in my previous post. Be sure to read them.