This past weekend, the Senate committee released internal Goldman emails, that showed how the gents at Goldman Sachs danced and fiddled, and enjoyed themselves while their clients burned -- burned? Got burned, got barbecued, roasted, toasted by Goldman Sachs.
Tomorrow, Tuesday is TV time for Goldman Sachs and the Senators. I plan to watch. I don't expect to see a come to Jesus moment, when the fellas from Goldman Sach get down on their knees, pray and confess. Some folks might be expecting to see a passion play -- acted out in front of the many media cameras -- to see the good vs evil? I do I expect to see the showboats among the senators -- full of passion -- railing to the cameras about the sins of Wall Street. I expect to hear of their compassion for the victims of Goldman Sach's alleged fraud, the innocent victims on main street and everyday ordinary people. But I don't expect a passion play. A passion play would apply that the side on the opposite side of the table is good. Well, the senators across the board have been very good at taking money from Goldman Sachs! So I don't expect a passion play in the truest sense, just a lot of play acting and some false passion, and fake compassion. I do expect a confrontational time, a good TV show, put on for the rubes. Don't get me wrong. Some of the senators aim to enact a law to restrict the Wall Street frat boys, who have been acting like knavish rogues on the street, so that the so-called solid fellas, can get on with what they've been doing all along.
Mr. Lloyd Blankfein, chief executive of Goldman, Mr. David Viniar, chief financial officer, and Mr. Fabrice Tourre, the Goldman banker at the center of Securities and Exchange Commission fraud charges against the firm are scheduled at a hearing of the Permanent Subcommittee on Investigations, which is part of the Senate Committee on Homeland Security & Governmental Affairs. Showtime is at 10 a.m. Eastern.