Ben Stein Rips Goldman Sachs over Subprime Mess

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

TV personality Ben Stein knows how to pick a fight. In a weekend column in the New York Times, Stein declared the investment bank Goldman Sachs "irresponsible" for selling large quantities of mortgage-backed securities and then "shorting," or betting against them, in the market.

Stein — an unabashed conservative, capitalist and Goldman Sachs shareholder — went on to level some charges against Treasury Secretary Henry Paulson, who used to head the investment bank. He says Paulson shouldn't be presiding over efforts to address the subprime mess because he ran a firm that helped create it.

Goldman Sachs calls the charges categorically untrue.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from