Blankfein Will Deny Goldman Bet Against Clients

Goldman Sachs CEO plans to strike apologetic tone in Senate testimony
By Marie Morris,  Newser Staff
Posted Apr 26, 2010 6:36 PM CDT
Blankfein Will Deny Goldman Bet Against Clients
Lloyd C. Blankfein, CEO of Goldman Sachs, speaks at a luncheon at United Nations headquarters in New York, Sept. 25, 2008.   (AP Photo/David Karp)

The CEO of Goldman Sachs will tell a Senate panel tomorrow he understands Americans' distrust of the bank, but its "functions are important to economic growth and job creation." Lloyd Blankfein's remarks, released ahead of the eagerly awaited hearing, are his most accommodating yet, reports the New York Times. He will describe April 16, when the SEC charged Goldman with fraud, as "one of the worst days in my professional life, as I know it was for every person at our firm."
(More Goldman Sachs stories.)

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