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Some Thoughts: By now, you have read or heard many reviews of yesterdays Goldman hearing. Here is our take: It appeared that the Goldman boys were stalling and purposely evading the questions. In fact, Goldman hired a witness prep expert, K. Lee Blalack, who has been quoted as saying: “A well-trained witness can minimize exposure by simply running out the clock: “Long, thoughtful pauses followed by rambling nonresponsive answers can easily devour half of a member’s allotted questioning time.” They frustrated Sen. Levin more than if he was only 5 minutes late for the early bird special at a Bob
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How do you get comfortable with a customer asking you about a product you are selling them, if you have an adverse interest? If you have a customer who is buying what you want to short, how do you get comfortable with that? If Sally is shorting at rate of $3 billion per day, and Harry buys at a rate of $1 billion per week, and you are comfortable with that, do you still get a bonus? If you have an adverse interest with a client, how do you get comfortable if you sell them the product? If one is
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