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Goldman Sachs not looking so fabulous

Goldman Sachs vice president Fabrice Tourre is becoming "the poster boy of the financial crisis," Dana Milbank of the Washington Post wrote after "Fabulous Fab" appeared before a Senate panel Tuesday. He continued: "Fab's arrogance, and that of his Goldman colleagues who also testified, bested previous displays of hubris by the automotive, oil and tobacco industries." Tourre's e-mails included one predicting that he would be the "only potential survivor" when the exotic trades he created collapsed, and another bragging how he had managed to dump some worthless mortgage securities on "widows and orphans" that he ran into at the airport.

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