Wednesday, April 21, 2010

Tone Deaf Lloyd to Testify Tuesday

Goldman CEO Lloyd Blankfein will testify Tuesday before the Senate Permanent Subcommittee on Investigation, according to NyPo.

This will be the first public appearance of Blankfein since the SEC filed fraud charges against the firm.

Popcorn for those viewing the event is highly recommended. Senators will be posturing and posing as defenders of the little man (Before they head out for cocktails with lobbyists) and the notoriously tone deaf Blankfein, who told FT that Goldman was doing God's work, and told the President of the United States he couldn't attend a sitdown because it was too foggy, is unlikely to come out of the event with rising approval numbers.

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