mardi 27 avril 2010

Sen. Carl Levin (D-MI) Tells Goldman Sachs Executive during Senate Hearing: "You Knew it was a Shitty Deal"

Sen. Carl Levin tells Goldman Sachs executive, "you knew it was a shitty deal" during Senate committee hearings on SEC fraud charges against the company.



Once again, another member of Congress has interjected profanity in the political process. In the tradition of "you lie" and "baby-killer," Senator Carl Levin (D-MI) was front and center. He lit into the Goldman Sachs executives, including Fabrice Tourre, over the recent fraud allegations brought by the U.S. Securities and Exchange Commission. He called a Goldman e-mail, in reference to one named Timberlake as "one shitty deal" that show what they were telling themselves and what they were telling clients were two completely different things.

Daniel Sparks, the former head of Goldman's mortgage department, repeatedly declined to utter the simple statement that he had acted in the clients' best interests, as did two other Goldman witnesses including Tourre (who took the opportunity to deny all the SEC charges against him). "You knew it was a shitty deal," Levin told Sparks, repeating again and again a word seldom heard on the record from high public officials. "How much of that shitty deal did you sell to your clients?" Source: Newsweek
 I think it was very unprofessional and even though Goldman Sachs deserved such colorful language and more, the hearings are being televised and Sen. Levin could have gotten his point across without resorting to profanity 11 times.

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