Detailed text transcripts for TV channel - CNN - 20100427:16

Detailed text transcripts for TV channel - CNN - 20100427:16:33:00

right before the economy started to tank. a lot of questions about his compensation. $9.8 million. when you look at last year. but to be fair, he took no bonus in 2008. but in 2007, this is really the construction of when these questionable trades were made at goldman sachs, lloyd blankfein took home a record. they talked a lot about him, they have different opinion of him. i talked to bill cohn. he talked about the importance that we should look back at his history, tony. this guy was a trading. traded in precious metals and other things. this is a guy who knew about all about hedging, both sides, long and short position of a trade and what that means for a firm. he said that really instilled a short-term consciousness within goldman sachs, making and betting on certain trades, not looking at the long-term effects. that's one opinion. i can tell you that the question that he had for lloyd blankfein is just because you can do something, just because you can

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