U.S. Sen. Claire "Bear" McCaskill was chewing Goldman Sachs' asses yesterday during a hearing. Sounds like the execs got a surly McCaskill (hell, just look at the still frame in the YouTube video below. Scary).
The St. Louis Post-Dispatch's Political Fix reels off several choice quotes from the Missouri Democratic, including McCaskill rifling through a stack of documents and saying "this is the same one that you folks called shitty" and adding later, "Then you have the one letter about how shitty it was."
In the video, McCaskill tears into Goldman execs for betting against the
housing market while selling its customers mortgage-linked
securities.
"You are the bookie. You are the house. You have less oversight and less
regulation ... than a pit boss in Las Vegas," she said. Later, she added,
"You think you're so smart. Any street gambler would never place a bet
with a bookie or with the house with the record that is revealed in the
documents that this committee has gathered."
McCaskill later apologized to her
mom and Missourians for her potty mouth.
worked for me.
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Extremely useful info here. BTW, I believe I read a really similar article on another blog today, truly i'm pretty certain. I 'll check it out and let you know, maybe they copied your content, who knows.
Dear Sir,
The Goldman representatives who testified this week before the Levin Committee were a singularly unimpressive bunch�including the Chm/CEO! From my time in Corporate Finance sector of the Financial Services industry, I worked with and met many more impressive people than the arrogant, condescending, and evasive bores who testified in the US Senate this week. Mediocracy ran deep in that group --from Messrs Sparks, Birbaum, Swenson, Viniar, Broderick and Blankfein through to even the �Fabulous Fab� (however, at least the �Fabulous Fab� had a bit of panache and flair and humility).
Goldman has positioned itself --a claim promulgated by its own external publicity machine and the Business Schools they recruit at, by the way --as a selective organization who prides itself on its recruiting prowess and its exclusivity. In other words, Goldman sold the financial public on the notion that it selectively recruits �Masters of the Universe�. The Goldman individuals I saw last Tuesday were about as far from Masters of the Universe as you can get�including Mr. Blankfein. (Consider the absurd statement that even Mr. Blankfein made regarding his ignorance about what rated tier of investments (AAA or whatever) certain pension funds, school districts, and foundations could buy for their own portfolios.)
In a word, then, I do not know how some or maybe all of the above-mentioned individuals ever got through their first interviews on campus or the Recruiting doors at Goldman (in the US or the UK) or even got promoted to the next level. I would not hire anyone of them for even a dogcatcher position except for maybe the �Fabulous Fab� who might be good with customers and new business.
Jack Nesbitt, MBA and Recruiter
& former Corporate Finance Associate, First Chicago Capital Markets, Chicago, IL
Welwyn, Herts, England, UK and Jacksonville, Fla, USA
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