http://www.nationalgeographic.co.jp/news/news_article.php?file_id=20100506003&expand
原油流出でメキシコ湾にデッドゾーン       
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2010年5月8日土曜日
原油流出でメキシコ湾にデッドゾーン
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http://www.nationalgeographic.co.jp/news/news_article.php?file_id=20100506003&expand
http://www.nationalgeographic.co.jp/news/news_article.php?file_id=20100506003&expand
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Panel’s Blunt Questions Put Goldman on Defensive ： nytimes.com/2010/04/28
出展リンク：
http://www.nytimes.com/2010/04/28/business/28goldman.html?nl=us&emc=politicsemailema1
2010/04/28
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http://www.nytimes.com/2010/04/28/business/28goldman.html?nl=us&emc=politicsemailema1
2010/04/28
Panel’s Blunt Questions Put Goldman on Defensive
Doug Mills/The New York Times
Lloyd C. Blankfein, the chief executive of Goldman Sachs, before his testimony began. More Photos »
By LOUISE STORY
Published: April 27, 2010
WASHINGTON — Even before the first question was leveled inside the Senate chamber, Tuesday was going to be uncomfortable forGoldman Sachs.
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Brendan Smialowski for The New York Times
Fabrice P. Tourre, Executive Director of Structured Products Group Trading for Goldman Sachs, during the hearing on Tuesday. More Photos »
But then the questions kept coming — and coming and coming.
Through the day and into the evening, Goldman Sachs officials met with confrontation and blunt questioning as senators from both parties challenged them over their aggressive marketing of mortgage investments at a time when the housing market was already starting to falter.
In an atmosphere charged by public animosity toward Wall Street, the senators compared the bankers to bookies and asked why Goldman had sold investments that its own sales team had disparaged with a vulgarity.
“The idea that Wall Street came out of this thing just fine, thank you, is just something that just grates on people,” said Senator Edward E. Kaufman Jr., a Democrat from Delaware. “They think you didn’t just come out fine because it was luck. They think you guys just really gamed this thing real well.”
But throughout a subcommittee hearing lasting more than 10 hours, current and former Goldman officials insisted that they had done nothing to mislead their clients. Time and again, the senators and the Goldman executives, among them the chairman and chief executive, Lloyd C. Blankfein, seemed to be talking past each other.
Among the Goldman retinue was Fabrice P. Tourre, a vice president who helped create and sell a mortgage investment that figures in a fraud suit filed this month by the Securities and Exchange Commission.
Mr. Tourre defended his role in the sale of the investment. In his opening remarks to the Senate Permanent Subcommittee on Investigations, Mr. Tourre declared: “I deny, categorically, the S.E.C.’s allegation. And I will defend myself in court against this false claim.”
Senate investigators are building on the S.E.C. case, which accuses Goldman of defrauding investors in a transaction called Abacus 2007-AC1.
The hearing was held against the backdrop of a debate about overhauling financial regulation. During the questioning, senators highlighted the need for greater openness and questioned the ethics of the financial sector.
At one point, the Goldman witnesses were asked what they would change in the regulatory system.
“Clearly some things need to be changed,” said Daniel L. Sparks, a former partner and head of the mortgage trading department in the Goldman Sachs Group, who was one of the four initial witnesses.
Steering away from financial jargon, the senators tried to put a human face on the questioning. Senator John Ensign, Republican of Nevada, declared that more transparency was needed “so we don’t end up hurting the little guys out there on Main Street.”
A Republican member, Senator Susan M. Collins of Maine, turned from one witness to the next as she asked repeatedly whether they felt a duty to act in the best interest of their clients. Only one of the four witnesses she questioned seemed to affirm such a duty outright.
In what almost added up to a light moment, Senator Mark L. Pryor, Democrat of Arkansas, said the public wanted to know what went wrong and “how we can fix it,” adding that Americans feel that Wall Street contributed to the financial crisis. “People feel like you are betting with other people’s money and other people’s future,” he said. “Instead of Wall Street, it looks like Las Vegas.”
Senator Ensign said he took offense at the comparison, saying that in Las Vegas the casinos do not manipulate the odds while you are playing the game. The better analogy, he said, would be to someone playing a slot machine while the “guys on Wall Street” were “tweaking the odds in their favor.”
The gap between Wall Street and the rest of the country was a recurring theme, with senators occasionally pointing out how much Goldman, and indeed the witnesses, had profited as the overall economy was headed for a plunge.
Senator Claire McCaskill, Democrat of Missouri, mentioned during her questioning that she was trying to “home in on why I have so many unemployed people” and lost money in pensions.
The questioning Tuesday put the Goldman witnesses on the defensive, with the senators expressing exasperation that they were deliberately dodging questions or stalling for time.
It was at 10:01 a.m., one minute late, when the session began with opening remarks from subcommittee chairman, Senator Carl Levin, Democrat of Michigan. The public galleries, accommodating roughly 100 people, were full and included four people dressed in mock striped prison jumpsuits who jeered at the Goldman officials.
“How do you live with yourself, Fab?” one shouted as Mr. Tourre was ushered out of the chamber after his testimony.
A tone of confrontation was set at the beginning, with Senator Levin’s opening remarks. He said the questioning would focus on the role of investment banks in the financial crisis, and particularly on the activities of Goldman Sachs in 2007, which “contributed to the economic collapse that came full blown the following year.”
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