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Ben Stein Rips Goldman Sachs over Subprime Mess

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Ben Stein Rips Goldman Sachs over Subprime Mess

Business

Ben Stein Rips Goldman Sachs over Subprime Mess

Ben Stein Rips Goldman Sachs over Subprime Mess

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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.

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