Translating the Goldman Sachs Senate Hearings

May 12, 2010 RSS Feed Print

By Mary Kate Cary, Thomas Jefferson Street blog

I came across this in the Los Angeles Times by a writer named John Kenney. It’s a comedy take-off on the Goldman Sachs Senate hearings involving Sen. Ted Kaufman and Josh Birnbaum, former Goldman Sachs managing director. Let’s just say Kenney adds some dialogue beyond what was actually stated. Here’s an excerpt, but if you need a laugh, it’s worth reading the whole thing. Hilarious:

SEN. KAUFMAN: Mr. Birnbaum, do you know what a stated income loan is? I ask this not because I doubt for a second that you actually do know what a stated income loan is, but because I want to appear condescending and tough on Wall Street, despite receiving millions of dollars from firms like yours.

MR. BIRNBAUM: Thank you, senator. I'd like to use sarcasm in my response and say that I have no idea what a stated income loan is. You'll notice that my facial expression suggests otherwise. Also my raised middle finger.

What makes it so funny is the level of derision aimed at both the politicians and the bankers throughout the piece. It’s a race to the bottom in terms of public opinion for them all.

Tags:
Ted Kaufman,
Senate,
Congress,
Goldman Sachs

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force bank to lend money to people who can't pay for what they get, after that the bank get get the house back and they can't sale that in this market time if they hold a bunch of house can't get rid off it so they could have their money back then the bank have roll over and play death. Oh by the way more bombs are fallen in Irag kill more than 90 people oil of shore production get blown up american have to chose either sacrifice more of it young man for other nation oil or risk your natural habitat for digging your own oil. Even the bomb plot in NY was fail it still make stock fallen more than 900 points and does effect the investers. American future have to be reluctant to pick one idea over another you can chose and i hope what ever the people chose by next term isn't another wrong choices. The war have been drag on too long it not in our favorite maybe i should insist American military might and strategy to finish off Iran and Warizistan, to build a better future if they don't wana do harm to their ecology by puting bunch of off shore pipeline, and oil production in their country other while American will still have to continue to buy expensive oil from other country mostly those country are supporting of american enemy today. I think the head of FAA should step down on the matter of leting that terrorist who try to bomb NY with his SUV, to get pass the airport checking point, i mean what happen to the no flying list is anybody even bother to check for the dude paper work? Too many case where the bomber sucessful bring the bomb in side our nation with thank that luck was on ourside the bomb fail to went off, i mean luck ain't gona be on ourside forever you shouldn't play russian rulet with a loaded gun or would u? If u do that is really madness. Look like cop and teacher in CA gona be homeless pretty soon in CA i read the news paper and it say they fire alot of them from their job beause they have no more money to paid for those position, yup that is how democrat in CA control it spending, put a bunch of people out of work and put bunch of money into their own pocket, My mom and dad working at school so i pretty sure they pretty panic by now working for more hour less sick leaves, vacaton, or holiday neithers, more our on the job less people to help u, u have to cover over for the spot that the other person just got lay off from work, so they say they kinda have to do double the amount of work that they have to do before. I'm pretty sure this is the result of the Democrat of failing the people trust, i know for sure i will vote for all republican on my ballot I have vote for them since before the Obama took office but since they have been ran the city, the county, and the state to the ground with their stupid policy doctrine, i ain't gona giving them another chances to keep on screw the people life up again. I sick of idiot democrat that say they bring change and hope to CA they bring nothing new accepted more coruption to it

can't wait til no more democrat in CA of CA 4:39PM May 12, 2010

Mary Kate Cary

Mary Kate Cary

Mary Kate Cary is a former White House speechwriter for President George H.W. Bush. She currently writes speeches for political and business leaders.

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