Bubble Finance Coming Undone—-A Stench Arises At 200 West Street

Shortly after the indictments, media reports revealed that senior Goldman executives – most notably, former CEO Lloyd Blankfein – were involved with the transactions. Blankfein attended at least three meetings with either Razak or disgraced Malaysian financier Jho Low, the allegedly corrupt financier who was also indicted by Malaysian authorities on Monday, even inviting Low to a private sit down at Goldman’s 200 West Street headquarters. While pursuing the deal, Goldman employees – including Blankfein – brushed aside concerns raised by the bank’s compliance department, and allowed Low to function as an unofficial intermediary between the bank and the Malaysian government, despite the bank’s compliance department warning that Low was not to be trusted. The DOJ is also reportedly looking into the role of other senior Goldman bankers.