Goldman Sachs

Buffett Continues Defense Of Goldman: I Want Lloyd Blankfein To Stay Put (VIDEO)

Ben Frumin | May 3, 2010, 10:55AM

Warren Buffett

Warren Buffett is continuing his rather full-throated defense of Goldman Sachs, saying in a Good Morning America interview broadcast this morning that CEO Lloyd Blankfein shouldn't step down -- and that Goldman has done nothing wrong.

The SEC has filed a civil lawsuit against Goldman Sachs over a shoddy mortgage product that Goldman allegedly knew was shoddy, and a Senate subcommittee hearing that put many of the firm's top executives on the spot last week has brought the firm under even more fire.

But Buffett -- whose company invested $5 billion in Goldman during the height of the financial crisis -- is standing by Blankfein's company.

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