Thursday, April 14, 2011

In the hot seat

Lloyd Blankfein, CEO of Goldman Sachs, smiles during testimony before the Senate Homeland Security and Governmental Affairs Investigations Subcommittee hearing in 2010.

Senate probe alleges Goldman mortgage deception. Investigation panel head calls Goldman Sachs tactics ‘disgraceful’.

By Ronald D. Orol, MarketWatch

WASHINGTON (MarketWatch) — A Senate subcommittee has accused Goldman Sachs of selling poor quality mortgage securities it bet against and is pushing the Justice Department to investigate Goldman CEO Lloyd Blankfein’s testimony before Congress. Article posted here

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