Is this the moment of truth and JUSTICE we have all been waiting for? Perhaps.
Goldman CEO hires high-profile defense attorney
WASHINGTON |(Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.
Blankfein, 56, is in his sixth year at the helm of the largest U.S. investment bank, which has spent two years fending off accusations of conflicts of interest and fraud.
The move to retain Weingarten comes as investigations of Goldman and its role in the 2007-2009 financial crisis continue.
It is not known for sure why Sir Lloyd - Gods emissary to the world - would now find the need to hire a defense attorney. After all, he has claimed all along that he and the company he has led has done absolutely no wrong. He says so with a straight face even though the evidence is glaring against his comments. Further, I believe, there may be a lot of complicity by high profile government officials such as Hank Paulson, former CEO of Goldman Sachs and sitting U.S. Treasury Secretary during the years of obvious fraud and abuse by GS on his watch.
In addition, current U.S. Secretary of the Treasury - Timothy Geithner - in my opinion, could also be implicated as he was sitting President of the Federal Reserve Bank of New York. FRBNY is the leading and most influential bank in the Fed system. For some reason it is able to make decisions like transferring billions of dollars after midnight on Sunday to bail out institutions like Goldman Sachs and AIG - whose bailout directly benefited Goldman Sachs. Hmmmm? Conspiracy anyone?
But back to the breaking news. Reuters further reports,
The move to retain Weingarten comes as investigations of Goldman and its role in the 2007-2009 financial crisis continue.Yet Goldman - as is their style commented,
The Senate's Permanent Subcommittee on Investigations (PSI) in April released a scathing report that criticized Goldman for "exploiting" clients by unloading subprime loan exposure onto unsuspecting clients in 2006 and 2007, and concluded that its top executives misled Congress during testimony in 2010.
Goldman said in a statement on Monday: "As is common in such situations, Mr. Blankfein and other individuals who were expected to be interviewed in connection with the Justice Department's inquiry into certain matters raised in the PSI report hired counsel at the outset."Of course, just ordinary business as usual. Nothing happening to be afraid of. But is there? Quoting Reuters's;
"Why do you bring in someone like that?" said the source, who was not authorized to speak publicly, about Weingarten. "It says one thing: that they're taking it seriously."Yes, I am sure that they are taking something very seriously here. It is about time!
One other direct result of this action is the immediate drop in the value of their stock (and Blankfein's net worth as a stockholder).
Goldman shares fell sharply shortly after Reuters reported Weingarten's hiring, closing down 4.7 percent at $106.51, their lowest level since March 2009. They slipped further in after-hours trade to $105.64.I can't say that does not please me. Anyone profiting off of these banksters should lose their greedy investments - especially those like Blankfein and all those other greed mongers employed by them. I just hope Hank Paulson is still heavily invested. Perhaps morality should come back into the business place.
Read the Reuters Report...click here