TradecoHoldco

Killing it like a hooker in Hong Kong

Goldman Sachs hearing: Liveblogging 2.05pm

Watching this, with the older, folksy senators, trying to skewer the young, slick, slippery GS execs brings several phrases to mind…

inchoate rage

grasping at straws

coached

April 28, 2010 Posted by | Uncategorized | | Leave a comment

Goldman Sachs hearing: Liveblogging 12.57 pm

The Goldman execs are just saying too much. Only Sparks seems to be on message. Birnbaum and Tourre come out looking like overeager boy scouts trying to prove they are in the right. They’re just saying too much which can and will be used against them later. If I were Fab, I would just claim the 5th and keep quiet. Damn it all. Then let Goldman handle the shitstorm.

April 28, 2010 Posted by | Uncategorized | Leave a comment

Goldman Sachs hearing: Liveblogging 12.16 pm

Dan Sparks get caught here

– “ratings agencies attempted to do their job” – attempted??

– “there was an element of competitiveness” – why admit to this?

April 28, 2010 Posted by | Uncategorized | | Leave a comment

Goldman Sachs hearing: Liveblogging 12.03 pm

Ted Kaufmann

– “Wall Street was sucking in these stated income loans” ¬†– echoes of vampire squid

April 28, 2010 Posted by | Uncategorized | | Leave a comment