Blankfein's poor performance

When you're the CEO of Goldman Sachs (GS), you can expect some extra criticism and a whole lots of schadenfreude. It's kind of like being the New York Yankees. And so it was inevitable that at least one pundit would single out Lloyd Blankfein for his performance in the hearing the other day.

"While (other CEOs) carried themselves with poise during the first portion of the hearing, Blankfein often came across as petulant, defensive, evasive, and condescending," reports Minyanville. And then, "when answering one question, Blankfein began to explain what the term "mark-to-market" accounting meant, only to be cut off by a terse "Thank you, Mr. Blankfein. I'm familiar with what mark-to-market is." Blankfein, ostensibly one of the smartest minds on Wall Street, also failed to provide any substantive answers, only excuses."

Bloomberg notes that the chairman of the Financial Crisis Inquiry Commission said Blankfein's testimony was "very troublesome." No doubt Blankfein was singled out by the panel. We'll see how this plays out. 

For more:
- here's the Bloomberg article

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