wow this brings up interesting questions about casting i think for a lloyd blankfein the c.e.o. divine from those john waters movies remember he was in polyester i think we bring her out of retirement and make her play lloyd blankfein in the epic movie version of goldman sachs how to steal a country i have a better idea he was an actor he was then was a prime minister now he's a banker tony blair he started out as an actor he has the god complex that's right and he's a banker taking morgan he's got the chops he fooled the entire nation into thinking that labor was just the old one how shall i call it the placenta of maggie thatcher is. so a conservative is a goldman sachs is financing this. about themselves it's only for internal distribution and the star is lloyd blankfein goldman sachs is in the next headline as well and a i.g. failure would have cost goldman sachs documents show yes apparently goldman sachs was forced to reveal who they allegedly insure themselves against in a i.g. collapse it turns out according to christopher whalen managing director of institutional risk a

it will have to make this change to the definition for stealing it will now be lloyd blankfein photo and wikipedia is the very definition of larceny stealing and corruption you know goldman sachs was agreed to pay five hundred fifty million dollars fine this week to the f.c.c. for misleading investors about these mortgage backed securities and you know to americans i'm sure that this looks like justice nobody has received any criminal fine for this they're just paying a five hundred fifty million dollars fine. which in the context of hundreds of billions of dollars seven hundred fifty billion dollars handed to them by former goldman c.e.o. hank paulson this seems like a small change to me but of course they don't actually pay that money they just borrow that money from the government or from the taxpayer and then to pay the interest on the loan they actually engage in more market rigging more high frequency trading more front running more high speed trading more flash trading so they actually destabilize the market because they need to go in there and steal more more more to payback

i think this gives the chance for lloyd blankfein to shoehorn himself out.t's been a brutal four months for him. >> i'm not sure i agree. he's only been in there since 2006, four years -- exactly four years -- he's done a fabulous job from a money-making perspective, not so good job from a public-relations perspective, on the other hand i'm not sure who could have navigated this -- you could certainly imagine people navigating the levin hearing better than he did, he was very good on your show after that and it's a very difficult public relations position that he was in. they did the settlement, i do agree with you that they're going to -- the next c.e.o. will more likely be a banker rather than a trader but i suspect you see vinnier, the c.e.o. leaving who said he wanted to retire anyway and don't forget at the annual meeting which was in april or may the shareholders overwhelmingly supported the idea of keeping the chairman and the c.e.o. together so i don't suspect they're going to do that voluntarily at least for a year. >> charlie: what could he have do

flawed fundamentalist belief in the belief that markets somehow are going to do god's work as lloyd blankfein c.e.o. of goldman sachs put it and of course there are suicide bankers they will float ideology and they're going to blow themselves in the world economy if this is the mission of guilt by hank paulson he should be thrown immediately into jail yes i believe it was a freudian slip as we talked about recently in the keiser report but what's so well hank paulson is out there pushing this financial reform and you know that when a former c.e.o. of goldman sachs is pushing for the population to get behind a particular financial reform it's most likely not the people however max they're obviously watching because their report because they're too smart here's a headline wall street fix seen ineffectual buy for a five and us yes four out of five americans surveyed for the bloomberg national polls us month say they just have a little or no confidence that the measure being championed by congressional democrats will prevent or significantly soften a future crisis forty seven percent say it will

lloyd blankfein, ceo of goldman sachs. i assume you want to discuss which members of my company will be a part of your cabinet? >> no. >> then why did you ask me here? >> so that i could do this. that's for the american people. >> gravel's philosophy on washington? you've got to laugh because it's so depressing. thanks for watching "state of the union." i'm candy crowley in washington. we will see you next sunday. >>> tonight, a prime time exclusive, ben gentleman minute netanyahu on the palestinians. >> i think it requires courage on the palestinians side to say, hey it is over no more bloodshed, we are going to make a genuine peace with israel. peace talks. >> the president abbas, the palestinian president, meet me and let's talk peace. >> and his real's bond with the united states. >> we have both common values and unfortunately, common enemies. >> was his meeting with president obama a turning point, finally marking a thaw in an icy relationship? benjamin netanyahu for the hour is next on "larry king live." >>> we only

lloyd blankfein and other top officials will stay in place? what do you make of that? >> well, i -- >> i think-- . >> brown: hold on, let me ask professor coffee first. >> oh, excuse me. >> pie guess is that he probably will. you have to give something up. the sec got what they wanted, was gold pan's concession they made a mistake and didn't make full discloseure. they did not demand any executive depar ture. and quite-- departure and quite frankly a don't think the sec sen titled to ask the c.e.o. to be the vicarious-- for conduct by staff 10 or 15 levels lower. if the shareholders want to replace mr. blankfein, more topower to them. they don't seem to want to i don't think the sec can go after people who don't seem to be have in a conscious way involved in the transaction. >> brown: you wanted to weigh in on that one? >> well, yeah, one of the things i talked about in my book, the colossal failure of common sense, the inside story of the collapse of lehman brothers is during that period of our c.e.o., our c.e.o.'s tenure was about 15 years. so it was almost like a mo

in fact, chairman but never called on the likes of floyd lang find -- lloyd hoehling find -- blankfein. not a single individual from the products division was questioned by the committee or the staff . of the congress did it publish its financial crisis inquiry commission to do the work that the majority party i believe refused to do, the work will not be completed until the end of this year. the banking committee cannot hold even a single hearing on the final bill before it is marked. then never to the time to receive public testimony or survey experts about the likely outcomes that the legislation would produce. we know the majority. they clearly decided what it did not want the american people to have a chance to understand and comment on their bill before us today. the question is, why? the majority knows that this bill is a job killer and a saddle americans with billions of dollars in hidden taxes and fees allowing the public to weigh in on this bill would have spelled the end of the democratic version of reform. i believe we owe more to those who lost their jobs, their homes, and