Investment Banks and the Financial Crisis, Goldman Sachs Chair and CEO

Lloyd Blankfein testified about investment and trading activities of Goldman Sachs and other investment banks involving residential… read more

Lloyd Blankfein testified about investment and trading activities of Goldman Sachs and other investment banks involving residential mortgage based securities and related products. In sometimes combative questioning senators asked about electronic mail and other communications by company officers indicating the firm was pushing the sale of risky derivatives while also betting against the products sold to clients. Mr. Blankfein responded by saying that clients came to the firm for risk, “and that’s what they got.”

This hearing was the fourth in a series of subcommittee hearings examining some of the causes and consequences of the recent financial crisis. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Investment Banks and the Financial Crisis, Goldman Sachs Chair and CEO

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Program ID:
293196-3
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 27, 2010
Last Aired:
May 2, 2010

Airing Details

  • Apr 27, 2010 | 5:15pm EDT | C-SPAN 3
  • Apr 27, 2010 | 8:30pm EDT | C-SPAN 1
  • Apr 28, 2010 | 3:40am EDT | C-SPAN 3
  • May 02, 2010 | 11:41am EDT | C-SPAN 1
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