An AP headline this morning read:
"Goldman CEO, 'Fabulous Fab' facing Congress."
Senior Partner Lloyd Blankfein and VP Fabrice Tourre, who marketed mortgage bonds allegedly designed to go down in price, are to testify in front of Congress today.
Tourre evidently earned that nickname because of an email he sent to a girlfriend back in 2007. Imagine the scene: he's at his desk during a lull period, and naturally enough, his thoughts turn to his girlfriend, and how he'd like to be with her. Once in that playful frame of mind, he emails her and kiddingly refers to himself as "Fabulous Fab," never dreaming that anybody but her will ever see the missive.
Now that he is being called onto the biggest carpet there is, do you think he might possibly regret that momentary lapse?