Blankfein says Goldman's practices will be "tightened up":

04/28/2010 | Reuters · Los Angeles Times (tiered subscription model)

Toward the end of a congressional hearing that lasted nearly 11 hours, Goldman Sachs CEO Lloyd Blankfein said his firm will take a hard look at the way it does business. "Everything that's been the subject of criticism will be tightened up," he said. Blankfein faced sometimes-savage criticism from lawmakers during the session. "You're going short against the very security [you're selling] ... many of which are described as crap by your own sales force internally," said Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations.

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Reuters · Los Angeles Times (tiered subscription model)

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