Ad hoc observations.
Lloyd Blankfein seems like Al Capone as compared to Jamie Dimon as Lucky Luciano.
If I were a prosecutor, I would key in on Lloyd because of his edgy, talkative nervousness.
Is there a purpose to this questioning or is it just for show? Are they going to
be interviewing critics of the banking system's actions in this crisis at any point?
Lloyd is fruitful ground. "Money became plentiful, and so people paid less attention to risk." Put that in your pipe and smoke it, Ben.
As if anyone except for a Federal Reserve governor would not already understand that relationship.
This is pure theater.
"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870