Page 205 - Execs News Today

Christine romans and ali velshi. busy day for both of you following todays testimony. christine, you just spoke with lloyd blankfein, right before he went to air. stick with me. i want to play a quick clip. >> you say goldman sachs did not make the recession worse or caused the recession. thats the perception in that room today and on main street. >> i did the best to describe the role goldman sachs played. listen, i have to -- i have to accept that as a financial institution and an influential ...

You sell something to somebody and then are determined to bet against that same security and you dont disclose that to the person youre selling it? do you see a problem? >> in the context of market making, that neither conflict. >> reporter: maybe but the securities and exchange commission has filed civil charges against goldman sachs, charges the firm denies and will fight vigorously. tom foreman, cnn, washington. >> one note on the bigger picture now, while goldman execs were living down to ma...

>> i see what youre doing. >> lets buy low. >> i see what youre doing. >> just dont want it in the e-mail, all right? >> oh, pat, i learned that from tiger woods. i never do that. >> oh, god. all right. lets get to -- lets get to news. well start with all of these stories that are happening in washington and mean so much to you ultimately, the taxpayer. on tuesday goldman sachs execs faced a firestorm on capitol hill over allegations the company misled investors. top officials held their ground,...

Collapsed, under the weight of those toxic mortgages, goldman profited from the collapse. >> they had it right. or did they? goldman-sachs execs took a verbal lashing and bashing during yesterdays senate hearing. did anything criminal actually happen? were the bankers just brazen, greedy and just playing by the rules and winning. lets bring in that panel and meet him first. screenwriter and novelist andrew clavin is here. >> how are you doing? > >> penny is playing the middle square, former advi...

There are a lot of democrats. in fact, who are squirrely about this. who arent excited to vote for something along party lines for legislation that no one understands. how many people do you know what is in the legislation and understand it? >> bret: again, were over 1,500 pages again. >> the bill is more complex than the healthcare bill. if you want evidence this is a political process, check the tivo for the hearings today where the goldman execs were grilled. watch senator kauffman get up the...

Firm and on myself. and, you know, i think, you know -- i wish i hadnt send those. >> reporter: but thats about as close to an apology as the senate subcommittee got on wednesday. dan sparks used to head goldmans mortgage division. >> regret to me means something you feel like you did wrong. and i dont have that. >> i do not think that we did anything wrong. >> reporter: in fact, if anything about todays hearing stood out, it was its bipartisan nature. both democrats and republicans lined up to ...

Fantastic with -- stick with me, i want to show a quick clip. >> you say goldman sachs did not make the recession worse or caused the recession. thats the perception in that room today and on main street. >> i did the best to describe the role that goldman sachs played. but listen, i have to -- i have to accept that as a financial institution and influential financial institutions, we share some burden for the overleveraging that took place in this country. >> christina, i think that may be the ...

>> i want to throw up a full screen. weve got a full screen thats talking about financial reform bills and some of the items you see, new consumer protection, government scrutiny of complex transaction, more capital on hand, less debt. we saw yesterday the grilling of the goldman sachs execs. i think a lot of people are looking at this reform bill first and foremost as a way, lets sort of punish wall street, rein them in and dont let them do this to us again. will that happen? >> what youre seei...

Jets everywhere she goes. shes now as worth almost as much as some, some of those wall street execs who testified before congress today. so it seems to me that she has set herself apart from her base. for one thing. >> heres an excerpt from "new york" magazine. quote, palins conspicuous lack of depth and the sheer joy she takes in what she doesnt know is a source of angst among republicans who see larger brand risk to their party if palin comes to define the republican party where other likely c...

The goldman sachs execs, republicans in the senate are blocking democrats push to get the financial overall bill to the floor for debate. this was the third attempt this week. rich edison is here to explain whats at stake. what are the sticking points? >> there are a handful, mostly dealing with what to do with the large financial company on the verge of failing like aig. senate banking chairman chris dodd and richard shelby trying to work this out. aides say theyre moving toward a deal on some ...