city, this is charlie rose. rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of
from our studios in new york city, this is charlie rose. rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the
rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of dollars going short, so you
rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of dollars going short, so you
rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of dollars going short, so you