Tuesday, August 23, 2011

But Did He Lie About Using Steroids?

We should all remember that the scope of prosecutable lies to Congress has narrowed somewhat in recent years.

Shares in the Wall Street bank fell in late trading on Monday when it emerged that Blankfein had retained Reid Weingarten, criminal defence attorney at Steptoe & Johnson. Blankfein turned to Weingarten after the US Department of Justice began investigating the way Goldman sold subprime mortgage securities – the toxic investments that triggered the credit crunch.

Blankfein has also been accused of misleading a Senate committee – a claim that is emphatically denied by Goldman.