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http://www.c-spanvideo.org/program/293196-3
Here’s what Goldman’s chief executive officer told Tom Coburn of Oklahoma, the ranking Republican on the Senate Permanent Subcommittee on Investigations, when asked if he had any “legal, ethical or reputational” concerns about any of the activities undertaken by Goldman employees that were described during the daylong hearing. “I heard nothing today that makes me think anything went wrong,” Blankfein said.
Now flash back to November 2009, when Blankfein spoke at a New York conference sponsored by Directorship magazine, which named him its CEO of the year. “We participated in things that were clearly wrong and we have reason to regret, and we apologize for them,” Blankfein said then, referring to Goldman’s role in the financial crisis, without mentioning any specifics.
So, using simple algebra, we can deduce from those two statements by Blankfein that he must have been referring to some “things” back in November that didn’t come up for discussion at the April 27 Senate hearing. What were these things? Only Blankfein knows
