Goldman Sachs, famously described by Rolling Stone Magazine as a “giant Vampire Squid” that jams its blood funnel into anything which smells of money, is at it again, sniffs Mrs. M. Is it possible that these Harvard grads have no shame? Harvard Business School has a lot to answer for. Like the madrasses in Pakistan which turn out terrorists, Harvard Business School is turning out financial terrorists.

Lloyd Blankfein, the head of Goldman, has been back in the press defending Goldman, and – hold onto your hats – praising the “indispensible role” the US government played in the financial crisis. This is a cynical PR exercise in repairing relations with the US Treasury. Obviously, the firm’s Human Resources department, the branding department and the PR department have decided that another mea culpa on the part of the giant Vampire Squid is necessary. It doesn’t matter if this is sincere, or if anyone believes a word of it. I had to laugh at Blankfein’s defense of Goldman. It sounds like the fox thanking the game keeper for trapping him.

Blankfein adamantly defended Goldman against claims that it trades against its own clients. He also rebukes accusations of excessive compensation. He calls these “myths” about the firm and stressed that customers and shareholders always come first. Well, I guess some people will swallow anything, and that’s what Blankfein is counting on. “Our first priority is and always has been to serve our clients’ interests,” he insists. Funny, ha, ha!

Goldmans has launched a concerted campaign to sever the link between Goldman and Wall Street excesses. Well, if he can do that, he can do anything. Goldman Sachs has become synonymous with excess and greed.

Blankfein glossed over the bank’s roll in shorting the mortgage market ahead of its’ collapse. Goldman made $4bn as a result of bets against the sub-prime market.

My biggest laugh comes from Blankfein’s throwing Goldman’s weight firmly behind Obama’s plans for the regulatory reform of the financial industry, supporting “proposals that would improve transparency for investors and regulators and reduce risk.” After he said this shares in Goldman rose $3.80 to $170.76.

These Goldman bandits have learned the secret of printing money. But remember the old prophesy that’s it’s easier for a camel to pass through the eye of a needle than for a rich man to enter the Kingdom of Heaven.  I wonder, Mr. Blankfein, can a giant Vampire Squid pass through the eye of a needle? If anyone could manage this, I suppose Goldman can.