It appears that Goldman Sachs is on a major PR campaign to soften the world to the fact that major bonuses are going to be paid out at GS. That’s the only conclusion that can be reached from an interview appearing in WSJ and conducted by WSJ regular columnist, Holman Jenkins Jr. This was not what you would call a root canal interview, more like a polishing of Goldman’s shark like teeth.
The interview was of Goldman Sachs CEO Lloyd Blankfein, and consisted of a series of Warren Commission type questions. It failed to get at the core of what is wrong about Goldman, and to top it off, it contained important errors of fact.
How is this for an opening paragraph? :
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Lloyd Blankfein claims he is doing God’s work. Beyond the obvious problems, such as his firm’s continued risky trading and the questionable use of the bank’s alum working as high government officials, there is the presumption involved in how he views his work on a divine scale. For more on this, pls see http://deligentia.wordpress.com/2009/11/13/gods-gold/