Meet the Merry Band of Blankfein Backers

Who: New York Times columnist

 

What was said: “Has the fact that we are all looking for someone to blame for the financial crisis—and haven’t found anyone yet—influenced the government sanctions?”

 

What was left out: We’ve found a lot of other villains already. And Mr. Cohan mentioned parenthetically that he owns Goldman stock, but not how much.

 

Rating: CCC

Frank Schramm

Who: The Awl editor (and Observer alumnus) Choire Sicha

 

What was said: The suit is “the sadsack SEC’s unconvincing look at a minor bit of potential malfeasance in a single unit of the company in its transactions with other banks.”

 

What was left out: It was not so minor. A Wachovia analysis reportedly called this Goldman mortgage deal one of the housing crisis’ very worst.

 

Rating: BBB

http://twitter.com/choire

Who: The Wall Street Journal’s editorial board

 

What was said: “Far from being the smoking gun of the financial crisis, this case looks more like a water pistol.” Also: “By the way, Goldman was also one of the losers here. … [I]t ended up losing $90 million on the transaction itself.”

 

What was left out: Elsewhere, The Journal reported that the deal was approved by “roughly a dozen senior executives,” and that Goldman “never intended to buy any of the deal; it just couldn’t sell all the instruments to other investors.”

Rating: CCC-

Getty

Advertisement
Advertisement
Jim Cramer railed against Twitter on his show yesterday, with the notoriously passionate host comparing the company to Avon. (Getty)
Article continues below
More from Politics
Mayor Bill de Blasio huddles with his former counsel Maya Wiley.
De Blasio Says ‘Going Forward’ He Won’t Hide Conversations With Private Consultants