The Perp Walk At The Financial Crisis Inquiry Hearings
By Les Leopold
January 13, 2010 - 5:30am ET
The first panel to testify on Wednesday before the Financial Crisis Inquiry Commission features a who’s who of high financial crimes and misdemeanors. Here’s the lineup.
Lloyd “doing God’s work” Blankfein leads off as CEO of Goldman Sachs. He doesn’t come cheap, having “earned” $136.6 million over the past five years. Mr. B is in the hot seat because his company is making record profits during the worst economic year since the Great Depression. Maybe he should explain to us if all that profit and soon-to-come bonuses have something to do with the taxpayer largess: $10 billion in TARP funds (now paid back), another $12.9 billion of taxpayer money through AIG (never to be paid back), and all the free money it can grab from the Fed (which we'll never notice). Blankfein has a charming case of foot-in-mouth disease, which just might liven up these hearings. Let’s see if the committee can get him to utter one unscripted sentence. They should start by asking him how much taxpayer money is going to those who are coaching him for these hearings. more