{"id":539410,"date":"2010-04-22T10:01:35","date_gmt":"2010-04-22T14:01:35","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=82968"},"modified":"2010-04-22T10:01:35","modified_gmt":"2010-04-22T14:01:35","slug":"goldman%e2%80%99s-blankfein-sec-case-will-%e2%80%98hurt-america%e2%80%99","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/539410","title":{"rendered":"Goldman\u2019s Blankfein: SEC Case Will \u2018Hurt America\u2019"},"content":{"rendered":"<p>Lloyd Blankfein &#8212; head of Wall Street giant Goldman Sachs, against which the SEC filed <a href=\"http:\/\/washingtonindependent.com\/82571\/sec-charges-goldman-sachs-over-subprime-tied-product\">civil charges<\/a> last week for defrauding clients in some mortgage-backed securities trades &#8212; famously stopped speaking to the press after he mentioned he <a href=\"http:\/\/www.timesonline.co.uk\/tol\/news\/world\/us_and_americas\/article6907681.ece?token=null&amp;print=yes&amp;randnum=1271943185219\">thought<\/a> Goldman was doing &#8220;God&#8217;s work&#8221; in the midst of the biggest financial crisis since the Great Depression.<\/p>\n<p>My guess is that the public still won&#8217;t be hearing from Blankfein too often. The Financial Times reports that in his numerous calls to major clients, assuring them of the firm&#8217;s stability despite the SEC charge, <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/a62b8a5c-4d9b-11df-9560-00144feab49a.html\">he has argued the suit <\/a><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/a62b8a5c-4d9b-11df-9560-00144feab49a.html\">will<\/a> &#8220;hurt America.&#8221;<\/p>\n<p>Unlike Goldman&#8217;s participation in over-financializing the U.S. economy, stoking the mortgage crisis and shorting the housing market, leading to an $8 trillion loss in household wealth, the suit will hurt America. Right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lloyd Blankfein &#8212; head of Wall Street giant Goldman Sachs, against which the SEC filed civil charges last week for defrauding clients in some mortgage-backed securities trades &#8212; famously stopped speaking to the press after he mentioned he thought Goldman was doing &#8220;God&#8217;s work&#8221; in the midst of the biggest financial crisis since the Great [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-539410","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/539410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=539410"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/539410\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=539410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=539410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=539410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}