In June 2008, Goldman Sachs wasn't subject to the scrutiny imposed on commercial banks. If it were, an auditor would have asked, "What are you doing with half a trillion dollars in notional exposure to a hedge fund?"
Goldman Sachs sent its second-highest-ranking officer to to tell the FCIC that his company is staffed by complete idiots. David Viniar claimed that his company just doesn't know how to do basic bookkeeping.
It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.