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AMY GOODMAN: Subcommittee chair Carl Levin questioning Goldman CEO Lloyd Blankfein. Ian Harris is the CEO and founding father of Search Laboratory. GAL BECKERMAN: Right. Well, I mean, and this is what I believe is the a lot bigger concern, is that, you already know, when you have Gingrich saying the issues that he believes Adelson desires him to say, no person needs to be outflanked to the suitable, and so everyone is going to sort of transfer in that route. DANIEL SPARKS: Well, I didn’t say that. JUAN GONZALEZ: Well, we’re also joined by Rob Johnson, a former economist at the Senate Banking Committee. For extra, we’re joined by Rob Johnson, former economist at the Senate Banking Committee and the Senate Budget Committee. Rob Johnson, I need to thanks very a lot for being with us. And he talks about us being invented within the '70s?
JUAN GONZALEZ: That was Daniel Sparks, a former Goldman govt, being interviewed by Senator Carl Levin at yesterday’s Senate hearing. He simply went at Lloyd Blankfein repeatedly about the difficulty of whether Goldman bought brief, whether it did a giant brief behind the veil of - you already know, it was mainly with secret bets that its clients didn’t find out about while it was unloading all these securities and packaging so-known as artificial securities, that are mainly exotic bets between two events, and often one social gathering, which was betting towards the housing market, was Goldman, and the opposite get together was its shopper, or clients. It wager in opposition to the housing mortgage securities that had been all the rage on the time. It wasn’t the largest player in the subprime market, however it had tens of billions of dollars invested in these dangerous mortgages backed by -- or dangerous mortgage securities backed loans to very shaky borrowers. But Senator Levin lastly drove house the point that Goldman was unloading tens of billions of dollars of these securities in late 2006 and 2007, earlier than anybody else in the - definitely within the Wall Street neighborhood had awakened to what was happening, and Goldman made a clean exit.