So... Timmy... Who's lying here?

More Blankfein soundbites. Note the bolded ones:

10:19 01/13 BLANKFEIN:THINK HAVE 'VERY, VERY TOUGH REGULATOR' IN FED RESVE
10:19 01/13 BLANKFEIN:SHOULD HAVE BEEN MORE SEC REGUL UNDER PRE-BHC REGIME
10:18 01/13 BLANKFEIN: FED REGULATION VERY 'APPARENT';DOZENS STAY ON SITE
10:15 01/13 BLANKFEIN: REAL ISSUE IS WHETHER ASSETS MARKED APPROPRIATELY
10:15 01/13 BLANKFEIN:AS MKT TO MKT FIRM,GS ASSETS APPROPRIATELY MARKED
10:12 01/13 BLANKFEIN:RE AIG,NEVER GOT REQUEST TO TAKE LESS THAN 100C/DLR
10:04 01/13 BLANKFEIN:GS WOULD HAVE HANDLED RISK DIFFERENTLY IN RETROSPECT
10:03 01/13 BLANKFEIN:AFTER 10 'BENIGN' YEARS, LEVERAGE ESCALATED
10:02 01/13 BLANKFEIN: SHOULD APPRECIATE TARP'S DIMINUTION OF OVERALL RISK
10:01 01/13 BLANKFEIN:GS DIDN'T INITIALLY DEPEND ON TARP BUT'WORLD UNSAFE'
09:57 01/13 BLANKFEIN: OF COURSE, ALWAYS THINK COULD HAVE DONE BETTER
09:57 01/13 BLANKFEIN:STILL NO REASON TO THINK GS DUE DILIGENCE NOT ROBUST
09:55 01/13 BLANKFEIN: GS ROLE OF MKT MAKER CREATES LIQUIDITY
09:55 01/13 BLANKFEIN: GS PROVIDES EXPOSURE TO RISKY INSTRUMENTS
09:55 01/13 BLANKFEIN: CONCEPT OF MKT MAKING, RISK MANAGEMENT, CORE ISSUE
09:54 01/13 BLANKFEIN: GS DOES RISK MNGMENT;'POCKETS'OF GS HELD VARIOUS OP
09:52 01/13 BLANKFEIN: WERE NOT A BROKER, BUT A PRINCIPAL IN SUBPRIME
09:51 01/13 BLANKFEIN: CUSTOMERS WERE SEEKING EXPOSURE THEY WANTED TO HAVE
09:51 01/13 BLANKFEIN: IN MKT MAKING, NOT A FIDUCIARY, NOT AN AGENT
09:50 01/13 BLANKFEIN:'REGRET' CONSEQUENCE OF MKT MAKING,THAT WERE LOSSES
09:48 01/13 BLANKFEIN: ENGAGED IN 'TYPICAL BEHAVIORS'; WERE ILL ADVISED
09:47 01/13 BLANKFEIN: HELD TOO HIGHLY LEVERAGED POSITIONS FOR TOO LONG
09:47 01/13 GS'S BLANKFEIN: GOT 'CAUGHT UP' IN CONTRIBUTING TO MKT 'FROTH'
08:52 01/13 GOLDMAN'S BLANKFEIN: NEED MORE FOCUS ON CONS PROTEC IN REG SYS
08:51 01/13 GOLDMAN'S BLANKFEIN:SUPPORTS CLEARING HSE IDEA FOR OTC DERIVS
08:50 01/13 GOLDMAN'S BLANKFEIN: GOV '08 ACTIONS HELPED STABILIZE FIN SYS