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Blankfein: Goldman has no moral obligation to disclose to investors

By Jay Heflin - 04/27/10 05:41 PM ET

Under intense grilling by Sen. Carl Levin, Goldman Sachs CEO Lloyd Blankfein said he does not believe his bank has a moral obligation to tell investors that the bank is betting against investments being sold to investors.

"I don't think we would have to disclose that," he told Levin. 

Levin was floored by the response.  

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Source:
http://thehill.com/blogs/on-the-money/banking-financial-institutions/94693-blankfein-goldman-has-no-moral-obligation-to-disclose-to-investors
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