April 27th, 2010
12:21 PM ET
5 years ago

Levin swears repeatedly at Goldman hearing

(CNN) – Michigan Sen. Carl Levin, Democratic chairman of the Senate subcommittee on Permanent Investigations, did not censor himself Tuesday as he repeatedly quoted from an e-mail in which a Goldman Sach's executive referred to a mortgage deal as "shi**y."

Thomas Montag, Goldman's former head of sales and trading, described a series of mortgage-backed investments the investment bank was selling to clients as "one shi**y deal" in the email to colleagues.

Levin repeatedly quoted the curse word - close to a dozen times - when questioning Daniel Sparks, former head of Goldman's mortgage department, who allegedly urged his group to make the deals. Levin's line of questioning was carried live by CNBC.

The committee is examining Goldman's role in the financial crisis last year and allegations it sold mortgage-backed securities to clients that the firm later bet against.


Filed under: Carl Levin • Goldman Sachs • Popular Posts
soundoff (206 Responses)
  1. Pragmatic

    Goldman Sachs ... are you going to believe what they wrote or what they tell you!

    April 27, 2010 12:25 pm at 12:25 pm |
  2. WJS486

    Big deal. He was quoting the head of sales.

    Sounds like he described the deal pretty accurately......

    April 27, 2010 12:26 pm at 12:26 pm |
  3. Ken in NC

    Got my feathers out and cooking up the tar getting it ready for the Goldman Execs. Wish we could make them suffer as we have because of their actions and greed.

    April 27, 2010 12:27 pm at 12:27 pm |
  4. callem

    go get em Carl...
    make those weasles squirm in there tailored suits

    April 27, 2010 12:28 pm at 12:28 pm |
  5. kravitz

    And I suppose a network started by Ted Turner has never heard the word before? Not many virgins on staff last I checked.

    April 27, 2010 12:31 pm at 12:31 pm |
  6. Jon In Madison

    Typical socialist manner. Find someone you can demonize, rally your supporters and even a few non-supporters with flamboyant rhetoric, and attack the free market. If they want true reform, why don't they attack Fannie May? THey are the ones who got us in to this mess. Also, why doesn't Sen. Levin, or even Obama return the donations that they received from Goldman Sachs? If it was ill-gotten, you think they would give it back. I guess it is ok to spend dirty money, just not make it.

    April 27, 2010 12:36 pm at 12:36 pm |
  7. Ben in Texas

    Who writes these misleading headlines, anyway? Saying Carl Levin swore repeatedly, when he was actually quoting from an email, is like saying an actor playing Hamlet killed somebody with a sword. All Levin did was not to censor the truth, which makes him a stand-up guy.

    April 27, 2010 12:36 pm at 12:36 pm |
  8. worriedmom

    What I was wondering is how many congressmen/women are clients of Goldman/Sachs and made a boatload of money off this crisis? maybe there should be hearings to question them.
    Why isn't WH staff that were employees of GS being questioned?
    To me all this is, is Congress trying to make themselves look good.
    Let's question freddie Mac and Fannie (ready Barney Frank and Chris Dodd)

    April 27, 2010 12:42 pm at 12:42 pm |
  9. RH

    Wow, that's quite a combover you've got there, Senator.

    Part of me says, "Yeah! Stick it to these lowlifes!" But another part says, "Why bother? Everybody knows Congress will never do anything meaningful to halt these scumbags' abuses."

    April 27, 2010 12:43 pm at 12:43 pm |
  10. Kevin P

    @RH

    You're right. It seems as though Republicans are in favor of helping protect Wall Street. As EVERY single one of them voted against starting a debate on the issue yesterday! I couldnt beleive it!

    Including Scott Brown (R-MA) who I voted for in Massachusetts.

    I cant beleive these Republicans dont want to support a bill that will reign in Wall Street. There is no way Im voting for Scott Brown again.

    April 27, 2010 12:52 pm at 12:52 pm |
  11. Jayden,FL

    Big Deal... everyone cusses!!! get over it!!

    April 27, 2010 12:53 pm at 12:53 pm |
  12. Jesus the Zombie version

    So this is news? This deserves to be at the top of the ticker?

    No wonder most posters on here have no idea what they are fighting for or against.

    Ah, America the Ignorant!

    April 27, 2010 12:54 pm at 12:54 pm |
  13. Ted

    So what. people are worried about political correctness when Goldman Sachs and the rest of the fatcats were screwing the financial system and the American people and getting TARP money and giving their people big bonuses? Come on people. Get real.

    April 27, 2010 12:55 pm at 12:55 pm |
  14. shooter

    Give him back the same thing.

    April 27, 2010 12:55 pm at 12:55 pm |
  15. kut cootia

    he is just a human being,,,the press thinks he is "god"

    April 27, 2010 12:56 pm at 12:56 pm |
  16. diridi

    Just pass the financial reform...all will be solved...GOP again playing drama...idiots..and thugs of GOP....Messing this nation...

    April 27, 2010 12:57 pm at 12:57 pm |
  17. MarkPA

    I think he pretty much sums up the EXACT mood of the people when he uses profanity.
    These "Masters of the Universe" used OUR money, OUR retirements, OUR hopes and dreams and cashed in on them, destroying OUR economy in the process.
    And the emails show they did it with contempt, callous disregard and greed, from start to finish.
    Profanity in skewering these criminals is not anywhere near enough.

    April 27, 2010 12:58 pm at 12:58 pm |
  18. cel

    Back in the 60s, we used to say, "Trust No One." We forgot, but we started remembering again a few years ago. So, "Trust No One."
    That said, his language wasn't nearly as offensive as Dick Cheney's "F Bomb" a week ago.

    April 27, 2010 12:58 pm at 12:58 pm |
  19. Laurie

    The best reason for swearing that I know.

    April 27, 2010 12:58 pm at 12:58 pm |
  20. Anonymous

    If it's good enough for Dick Cheney then who cares?

    April 27, 2010 01:01 pm at 1:01 pm |
  21. Bobby

    He is a Democrap so it is OK. Biden, Levin, and any Democrap is OK by doing this and basically can do no wrong. BHO can even go on TV with a political ad and reach out to blacks, latinos, youmg people, and females but not white "older males" (he must not want our vote) and that is perfectly fine. Two set of rules in the country until November when the walls come tumbling down. This is from an Independent who voted for BHO in 2008. Never again.

    April 27, 2010 01:03 pm at 1:03 pm |
  22. megster

    When will people learn the difference between cursing/swearing and using vulgarity? The first two are wrong (wishing evil to someone): the last is merely offensive ....to some.

    April 27, 2010 01:03 pm at 1:03 pm |
  23. Mike T

    Go get em Carl!, I am sure millions who lost everything when these guys bet against the market have worse to say!!

    April 27, 2010 01:04 pm at 1:04 pm |
  24. Mr. Wilson

    From Jon in Madison:

    " Find someone you can demonize, rally your supporters and even a few non-supporters with flamboyant rhetoric.."

    Hang out with the Tea Party much?

    April 27, 2010 01:04 pm at 1:04 pm |
  25. Tiffany

    Who cares about the swearing. Just focus on the money trail CNN.

    April 27, 2010 01:05 pm at 1:05 pm |
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