Goldman Sachs has decided to keep a low profile in response to harsh criticism and a subpoena fired at the company by the Financial Crisis Inquiry Commission yesterday.
On a conference call with reporters following the announcement of the subpoena, the chairman of the commission, Phil Angelides, angrily accused Goldman of “deliberately and disruptively” trying to thwart the commission’s investigation by dumping billions of pages of documents in response to requests for information.
Goldman offered up only the blandest and most tepid denial. "We have been and continue to be committed to providing the FCIC with the information they have requested," Goldman said in a statement.
Goldman is deliberately under-reacting to the public pillorying served up by Angelides, a person familiar with the thinking at Goldman says.