Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
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<strong>Inside</strong> <strong>Job</strong> transcript – <strong>Sony</strong> <strong>Pictures</strong> – September 2010 40<br />
01:53:08.09<br />
SEN. CARL LEVIN: Is there not a conflict when you sell something to somebody, and<br />
then are determined to bet against that same security; and you don't disclose that to the<br />
person you're selling it –<br />
LLOYD BLANKFEIN: In the –<br />
SEN. CARL LEVIN: Do you see a problem?<br />
LLOYD BLANKFEIN: In the context of market-making, that is not a conflict.<br />
01:53:27.20<br />
{DAVID VINIAR<br />
EXECUTIVE VICE PRESIDENT AND CFO<br />
GOLDMAN SACHS}<br />
SEN. CARL LEVIN: When you heard that your employees, in these e-mails, said, god,<br />
what a shitty deal; god, what a piece of crap; do you feel anything?<br />
DAVID VINIAR: I f-, I think that's very unfortunate to have on e-mail.<br />
SEN. CARL LEVIN: Are you b-<br />
DAVID VINIAR: And, and, and very unfortunate – I don't, I don't –<br />
SEN. CARL LEVIN: On e-mail?<br />
DAVID VINIAR: [UI] –<br />
SEN. CARL LEVIN: How about feeling that way?<br />
DAVID VINIAR: I think it's very unfortunate for anyone to have said that, in any form.<br />
01:53:48.26<br />
{SEN. TOM COBURN (R-OK)<br />
RANKING MEMBER<br />
GOVERNMENTAL AFFAIRS SUBCOMMITTEE<br />
ON INVESTIGATIONS}<br />
SEN. TOM COBURN: Is it your understanding that your competitors were engaged in<br />
similar activities?<br />
LLOYD BLANKFEIN: Uh, yes. And, and to a greater extent than us, in most cases.
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