Archive for April 28th, 2010
Lloyd Blankfein’s Prepared Testimony
by Dorothy J. Kovach on Apr.28, 2010, under Financial
Chairman Levin, Ranking Member Coburn and Members of the Subcommittee:
Thank you for the invitation to appear before you today as you examine some of the causes and consequences of the financial crisis.
Today, the financial system is still fragile but it is largely stable. This stability is a result of decisive and necessary government action during the fall of 2008. Like other financial institutions, Goldman Sachs received an investment from the government as a part of its various efforts to fortify our markets and the economy during a very difficult time.
