akuma_river (akuma_river) wrote in ontd_political,

Grilling of Goldman Sachs

Goldman CEO denies wrongdoing in crisis
By MARCY GORDON and TOM RAUM, Associated Press Writers Marcy Gordon And Tom Raum, Associated Press Writers – 1 min ago
WASHINGTON – The CEO of Goldman Sachs testily defended his company's ethics and business practices during the nation's financial crisis on Tuesday, saying customers who bought securities from the Wall Street giant came looking for risk "and that's what they got."

"Unfortunately, the housing market went south very quickly," Lloyd Blankfein told skeptical senators on an investigatory panel. "So people lost money in it."

Live footage (yes it is 7:30pm Eastern but it is STILL going on) can be found at CSPAN, Yahoo, MSNBC, ABC, Huffington Post Live Blog Post.

Visit msnbc.com for breaking news, world news, and news about the economy

Update: As of 9pm Eastern the grilling is hold for tomorrow.
Tags: banking, congress
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