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Showing posts from April 28, 2010

'Clash of the Titans' on Capitol Hill

Business Times - 29 Apr 2010


'Clash of the Titans' on Capitol Hill

In addition to obscenities, what made Goldman's Senate hearings so exciting was the Hollywood-like cast of characters

By LEON HADAR
WASHINGTON CORRESPONDENT

WAS he playing the role of the unrepentant villain of the Capitol Hill production 'Clash of the Titans'? Or was he the Good Guy who turned out to be the Bad Guy and who was now pleading for forgiveness, or at least for some empathy from angry lawmakers in the Senate hearing room and the American people who were watching the financial/political crime drama at home?

Or will he remain an enigma for most of the audience long after the film credits are shown?

There are no simple answers to these and similar questions. But one thing was clear. Goldman Sachs CEO Lloyd Blankfein was the star of the Washington vs Wall Street show - all 10 hours and 40 minutes of it. Other proposed names for the spectacle included 'Lawmakers vs Bankers', 'Uncle…