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Goldman Sachs Hearing

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

As satisfying as it was watching Goldman Sachs executives being grilled by the Senate this week (especially Carl Levin's "shitty deal" barrage), the sense of justice being done was tempered by the stench of hypocrisy hovering over the proceedings. After all, of the committee's ten Senators, only Ted Kaufman has not accepted campaign contributions from Goldman. Plus, as truly appalling as Goldman's behavior has been, much -- though certainly not all -- of what Goldman did fell within the rules set up by Congress. The Senators seemed intent on getting Goldman to apologize. But don't our representatives owe us an apology too? For instance, Susan Collins, who berated Goldman execs at the hearing, voted to repeal Glass-Steagall. Have we gotten an apology from her yet? Yes, Goldman should be held accountable; but so should our elected officials.

Daniel Sparks, Goldman Sachs Exec: Did He Lie Under Oath In Front Of Congress?

Mother Jones | Andy Kroll | Posted 05.25.2011 | Business

Sparks--whose overall evasiveness drew the ire of Senate investigations subcommittee chair Carl Levin (D-Mich.) and other lawmakers--replied: "At the ...

Jason Linkins

Goldman Sachs Hearing: Senators Wield Oversimplified Metaphors, Execs Fight Back With Stonewalling (VIDEO) [UPDATE] | Jason Linkins | Posted 05.25.2011 | Business

Did you watch any or all of the seven million hours of testimony yesterday in the Senate Permanent Subcommittee on Investigations hearing, which pitte...

Shahien Nasiripour

Goldman Sachs Hearings: LIVE UPDATES, VIDEO | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is testifying this morning in front of the Senate Permanent Subcommittee on Investigations, which alleges the compan...