Goldman CEO to Perform Community Service as Treasury Secretary

[jk]

Goldman CEO to Perform Community Service as Treasury Secretary

‘Will Do Less Harm’ in New Post, Says Treasury Spokesperson

NEW YORK (The Borowitz Report) – In a settlement of the government’s securities fraud case against Goldman Sachs, the bank’s CEO, Lloyd Blankfein, has agreed to perform two years of community service as Treasury Secretary of the United States.

At a press conference in New York, Mr. Blankfein said that as Treasury Secretary he would “continue to do God’s work as I did at Goldman, but at a significant pay cut.”

A Treasury Dept. spokesperson said that by performing community service as Treasury Secretary, Mr. Blankfein will be able to do less harm to the economy because he will have significantly less power than he had as Chairman of Goldman.

His experience at Goldman, however, will be “invaluable” in his new role as Treasury Secretary, the spokesperson said: “Lloyd Blankfein’s years of marketing worthless securities have prepared him for the important task of selling Treasuries to the Chinese.”

Mr. Blankfein is the latest in a long line of Goldman chairmen to serve as Treasury Secretary, although he is believed to be the first to do so while wearing an electronic ankle bracelet.

http://www.borowitzreport.com/

[c1ue]

Re: Goldman CEO to Perform Community Service as Treasury Secretary

Does this mean Blankfein also gets to convert all his Goldman holdings into cash, tax free?

[jk]

Re: Goldman CEO to Perform Community Service as Treasury Secretary

Does this mean Blankfein also gets to convert all his Goldman holdings into cash, tax free?

good point. yes, of course. ;-)

[doom&gloom]

Re: Goldman CEO to Perform Community Service as Treasury Secretary

Does this mean Blankfein also gets to convert all his Goldman holdings into cash, tax free?

that or he gets a free pass on cheating his taxes... it's a perk of the job you know.

[don]

Re: Goldman CEO to Perform Community Service as Treasury Secretary

The real joke is that most Americans would believe this was a real press release- and less than half of them would get its meaning if it was true.

(Question: are the tea baggers ditto heads in costume?)