Goldman CEO to attend Obama's Wall Street address

NEW YORK, April 22 | Thu Apr 22, 2010 11:32am EDT

NEW YORK, April 22 (Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein is expected to attend President Barack Obama's Wall Street regulation address on Thursday, a source familiar with the matter said.

Blankfein is to join Gary Cohn, Goldman's president and chief operating officer, at the speech.

In his speech, Obama is expected to urge Congress to press ahead with an overhaul of Wall Street regulations and warn about the risks of another financial crisis if safeguards are not in place.

Goldman on Friday was accused of fraud by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.

The source spoke anonymously because Blankfein's attendance has not been publicly disclosed. (Reporting by Steve Eder; Editing by Lisa Von Ahn)

Stocks
Markets
Mutual Fund Center
ETFs News
Financials

Related Quotes and News

Company
Price
Related News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
FunkUniversity wrote:
Why wouldn’t Blankfein attend?

The future of his company is on the firing line, and his presence shouldn’t be anything other than self-obligatory.

Apr 22, 2010 12:09pm EDT  --  Report as abuse
Dockowbbler wrote:
Lloyd Blankfein even looks like a weasel with those sneeky beady little eyes.

Apr 22, 2010 12:13pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
See All Comments »