By Zach Carter
Today, Goldman Sachs sent its second-highest-ranking officer to Washington, D.C. to tell the Financial Crisis Inquiry Commission that his company is staffed and managed by complete idiots. In an effort to evade investigation, Goldman Sachs Chief Financial Officer David Viniar claimed that his company really just doesn’t know how to do basic book-keeping. It was a silly and transparent lie, but if it were true, every investor the world over would be pulling its money from Goldman as fast as possible.
At this point, Goldman Sachs execs have made clear that are very good at making themselves look like jerks. Viniar’s comments at yesterday’s hearing follow a series of, let’s say, unflattering public appearances over the past few months involving fraud investigations, “shitty deals” and “God’s work.” But Viniar still had some real whoppers ready for the FCIC:
“We don’t have a derivatives business.”
Continue reading The Lying Liars At Goldman Sachs
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Bloomberg BusinessWeek (1 July 10)