Detailed text transcripts for TV channel - CNN - 20100420:21

Detailed text transcripts for TV channel - CNN - 20100420:21:01:00

headquarters of goldman sachs, executives might be celebrating today if the wall street giant wasn't facing civil fraud charges and being held up as a poster child for financial reform. the investment bank reports its first quarter earnings doubled to $3.5 billion. well above expectations. but a conference call to tout those gains turned into a grilling about the company's legal and pr problems. federal regulators accuse goldman sachs of misleading investors who turned complex mortgage-based securities that were expected to fail. a top lawyer for the bank told reporter s today that the firm would never intentionally mislead anyone. in the midst of this mess we confirm that goldman sachs is getting advice from a former obama administration insider. we want to bring in ed henry. what can you tell us about this? what's the white house's reaction? >> they're trying to stay away from this because they don't want it to look like they're too close to their former aide here. greg craig.

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