Goldman - 'At A Certain Point, We Can't Afford Not To Ask For A Management Change'

Here's a few sound bites on the ongoing Goldman saga.

'We are very supportive of management and think the SEC case is weak, but at a certain point, we can't afford not to ask for a management change'.

Unnamed 'major Goldman shareholder' (The Wall Street Journal)

'At a minimum, Fitch believes the civil charges to date and the pending criminal investigation, coupled with the highly public hearings by the US Senate's Permanent Subcommittee on Investigations, generate adverse publicity that tarnishes Goldman's reputation'.

Fitch Ratings, which cut Goldman's outlook Wednesday from 'stable' to 'negative' (The New York Times Deal Book Column)

'We are not happy to be in the situation we are in, and we don't want it to go on forever'.

Goldman CEO Lloyd Blankfein (The Daily Telegraph)

'My guess is that there will be 1,000 different Ph.d dissertations looking back at the period (the financial crisis), each of which will find fault with one or more decisions. But those dissertations will have been written in a calm environment. This decision-making was made under battlefield conditions, in a fog of war. Some things might have been done differently, but if you look at the constellation of the things done, it was very effective'.

Blankfein, speaking to Fortune magazine in September, 2009.

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