• 22 Aug 2011 at 3:51 PM

Market Apparently Shocked To Find Out Goldman Sachs CEO Takes Investigations Seriously, Hires Best Lawyers Money Can Buy

By

Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter…The move to retain Weingarten comes as investigations of Goldman and its role in the 2007-2009 financial crisis continue. The Securities and Exchange Commission scored a $550 million settlement against the bank in a fraud lawsuit in July 2010, but other investigations continue. “Why do you bring in someone like that?” said the source, who was not authorized to speak publicly. “It says one thing: that they’re taking it seriously.” [Reuters]

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Comments (22)

  1. 1
    Posted by Guest | August 22, 2011 at 4:05 PM

    "Best lawyers money can buy" – HAHAHAHA

    This guy defended Bernie Ebbers who is rotting in jail until the day he dies.

  2. 2
    Posted by Guest | August 22, 2011 at 4:08 PM

    Looks like Warren Buffet's calls are going to expire worthless!

  3. 3
    Posted by JamesScottFarin | August 22, 2011 at 4:16 PM

    Wait, why wasn't I called?

  4. 4
    Posted by Rick Perry | August 22, 2011 at 4:18 PM

    Your honor this is the man who sodomized the maid, while my client DSK was taking a shower. When he saw my client he screamed "fucking frog" and penetrated my client's rectum; he then chased the maid and hit her face at the floor. Your honor this man took all their money and promised to come back for more.

    –DSK lawer

  5. 5
    Posted by Guest | August 22, 2011 at 4:21 PM

    god you suck

  6. 6
    Posted by Michele Bachmann | August 22, 2011 at 4:25 PM

    I didn't know Rick Perry was representing DSK.

  7. 7
    Posted by HellYesISuckToes | August 22, 2011 at 4:47 PM

    Ahhhh Lloyd… Big Dick Swinin' Lloyd

  8. 8
    Posted by Dead plant | August 22, 2011 at 4:50 PM

    Now you know where the plant money went.

  9. 9
    Posted by Guest | August 22, 2011 at 4:52 PM

    Why Reid Weingarten? The movie's much better.

  10. 10
    Posted by Don Glover | August 22, 2011 at 4:54 PM

    Raj and Lloyd might be doing some ass-to-ass shows in the yard pretty soon….

  11. 11
    Posted by guest | August 22, 2011 at 5:03 PM

    Be a bigger idiot. Seriously do it.

  12. 12
    Posted by Roman Polanski | August 22, 2011 at 5:05 PM

    Nice guy, Lloyd, but you'll be sad to learn he can't make "it was legal back then" fly.

  13. 13
    Posted by Guest | August 22, 2011 at 5:38 PM

    No smoke without fire.

  14. 14
    Posted by guest | August 22, 2011 at 6:12 PM

    Yeah, because the Constitution allows ex post facto prosecution…

  15. 15
    Posted by Leroy the Masochist | August 22, 2011 at 8:00 PM

    I wonder whether DOJ will continue the investigation after Holder gets fired, prosecuted, convicted, sentenced, and incarcerated for being complicit in the deaths of federal agents by approving and encouraging Operation Fast and Furious.

    Bess's headline puts it perfectly. What do you expect LB to do in this situation? Of course he's going to hire the best lawyer he can.

    My personal hunch is that if they had any good dirt on LB and/or GS, it would have come out by now. Carl Levin is too much of an incompetent, bloviating douchebag to keep his cards close to his chest for this long.

  16. 16
    Posted by FinnHopKee | August 22, 2011 at 9:12 PM

    Like GS during the mortgage collapse, hedging their bets and covering their bottom line, Lloyd is doing the sensible, cautious thing in his personal circumstances. Be prepared for anything to happen, act like nothing will happen.

  17. 17
    Posted by Guest of Honor | August 22, 2011 at 10:43 PM

    More Wag The Dog BS.

  18. 18
    Posted by Guest | August 23, 2011 at 6:09 AM

    Actually, it does. All prosecutions are ex post facto. What the constitution doesn't allow are ex post facto criminal laws.

  19. 19
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