DJMT Exclusive: Blankfein’s Testimony

April 27, 2010 10:00am by Barry Ritholtz

DJMT has the exclusive inside testimony of Llyod Blankfein:

“The issue here is not whether we broke a few rules, or took a few liberties with our in-the-dark counterparties; we did.

“But you can’t hold a whole bank responsible for the behavior of a few sick, perverted individuals. For if you do, then shouldn’t we blame the whole banking system? And if the whole banking system is guilty, then isn’t this an indictment of our financial institutions in general?

“I put it to you, Carl Levin! Isn’t this an indictment of our entire American society? Well, you can do what you want to us, but we’re not going to sit here and listen to you bad-mouth the United States of America! Gentlemen!”

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Oh, wait, that’s Eric Stratton’s testimony . . .

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