Goldman Sachs on the Hot Seat

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In prepared testimony today, Goldman Sachs CEO Lloyd Blankfein said his company never bet against its own clients, but Senators of both parties were publicly skeptical. Carl Levin of Illinois interrogated Dan Sparks, Goldman's chief of mortgage securities, about charges that Goldman failed to tell investors that package deals were stacked against them; Republican John McCain accused Goldman executives of being immoral.  Jessica Brady, staff writer for RollCall magazine, was at the hearing.




Warren Olney