Thursday, August 25, 2011

Goldman's Blankfein Has Nothing to Fear

BOSTON (TheStreet) -- Goldman Sachs(GS) stock fell on reports CEO Lloyd Blankfein had hired a top securities-crime defense lawyer by the name of Reid Weingarten. That appeared to indicate that Blankfein is worried he may have some personal exposure -- perhaps even criminal liability -- for his bank's misdeeds in and around the financial crisis.

Bullfeathers. The sober reality is that Blankfein hasn't a thing to fear, at least not from President Barack Obama's Justice Department.


Amen.

http://www.thestreet.com/story/11228593/1/goldmans-blankfein-has-nothing-to-fear.html