they re in the business of making money. the details might be unpleasant to a lot of people, but it shouldn t come as news to people that there s greed on wall street. greed is growth if everybody is winning, that s one thing, becky. sure. what this felt like was, you know, all right. let s take this. so you had the fed who kept interest rates artificially low because they didn t want a recession to happen. people borrowed money, there s so much loan out there, and all of a sudden goldman took all this risk and said, hey, let s say money off this. a and all of a sudden it blew up in everybody s face and all the access to goldman has, we can go down the line, it s bipartisan when it comes to goldman s ties. and look what happened. you know, you could say that, and i to charles point to about this is how the rest of the country is going to read this. it s probably true and it s probably unfortunate because they re not going to look at the actual details. and why was this a let
goldman sachs is in damage control mode after that scathing new york times op-ed by the departing executive greg smith. he was a former goldman executive director. and he stated that the environment at goldman is as toxic and destructive as he had ever seen it. lloyd blankfein sent out a company-wide memo stating that smith s statements didn t reflect the company s values or culture. and we re watching shares of madison square garden, we saw them fall on news that knicks coach d antoni resigned. the stock closed down 1.6%. the split was reported to be mutual. mike woodson has been named the interim coach and he led the team to a victory last night. don t take your victory lap just yet. as willie geist said, i hope people save their receipts on the jeremy lin jerseys. march madness at the white house. we re back in 30 seconds, politics of the president s picks.
treasury secretary is always balances between assuring and telling too much. this was not a like bush administration plot. this was roger altman and very prominent democrats who worked at goldman with paulson. the proposed ground zero mosque center has had its rent hiked from $2700 a month to $47,000 a month. there s a lot of back and forth. you know, the organizer saying this is maybe perhaps politically motivated. we know this is a very contentious world in the new york well, in the new york there d.c. area. this is something that s been a fiery debate. this was always about a real estate story about guys who didn t have enough money who sought publicity, so it s like a million other things, a project that s grinding itself into the dust. look at the west side stadium
the middle east. the point is he did sit in the oval office and walked the american viewer exactly what his thinking is. but that s because he wanted to start a war. if 9/11 had not happened, that education would not have stopped. you did hear obama say it. we have to start rebuilding at home. that s the case he i m only heard the domestic populism, so when it comes to the theory that barack obama is, after 11 years of war, is going to go on national tv and say, america, we are we have a problem with what s happening in europe and it s going to affect everybody, and they re going to go, no. here s who it will affect. you understand that s not true. i understand that. but it would affect goldman, ubs, et cetera, et cetera, et cetera. i m still remarkably sure that they don t like goldman.
paulson, not henry, john paulson. no relationship between them two. i know. and he and he is accused of or goldman is accused of letting him handpick mortgage-backed securities for an investment that was sold to other people and not privy to them. not only not a relationship but henry paulson who was secretary was the boss at goldman and they have nothing to do with each other. and i ve said henry and paulson together so many times in the past two years. christine, great to see you. i ll see you tomorrow. christine and i are together on television seven days a week. we never stop. you can watch us on your $$$$$ saturday at 1:00 p.m. eastern, sunday at 3:00 p.m. eastern. we re going to get into much more of this stuff that you might be interested in in terms of money. we have another one of our colleagues standing by. we ve got breaking news out of new york. having to do with terrorism or people allegedly accused of it. allan, what is this story?