We should all remember that the scope of prosecutable lies to Congress has narrowed
somewhat in recent years.
Shares in the Wall Street bank fell in late trading on Monday when it
emerged that Blankfein had retained Reid Weingarten, criminal defence
attorney at Steptoe & Johnson. Blankfein turned to Weingarten after
the US Department of Justice began investigating the way Goldman sold
subprime mortgage securities – the toxic investments that triggered the
credit crunch.
Blankfein has also been accused of misleading a Senate committee – a claim that is emphatically denied by Goldman.
