Laughter — Laughter! — burst out in the chamber of the Senate Permanent Subcommittee on Investigations after Senator Carl Levin asked Goldman Sachs (GS) CFO David Viniar if it was right for Goldman sales executives to describe various structured products as “a shitty deal” at the same time they were selling such products to Goldman customers.
Viniar replied, “It’s very unfortunate.”
Levin shot back, “It’s unfortunate? Is it right?”
“No, I don’t think it’s right to have that appear in an email,” conceded Viniar.
“But is it right to have sales people selling those products?” said Levin.
“No, it’s not right,” Viniar added.
No comments:
Post a Comment