Politics & Government

April 27, 2010

Levin asks Goldman: Was it just hedging, or something worse?

A Senate investigations panel confronted Goldman Sachs executives Tuesday with evidence that the firm peddled subprime mortgage securities its traders considered to be "crap" as they secretly made huge bets on a housing downturn. The hearing stretched on for more than 10 hours, culminating in the testimony of Goldman chief Lloyd Blankfein.

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