In more than 10 hours of Senate testimony, executives defend Goldman Sachs

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 wagers on a housing downturn. For their part, the Goldman witnesses strongly denied that the firm intentionally cashed in on the housing crash by crafting a strategy to bet against mortgage securities while misleading its own investors. “I will defend myself in court against this false claim,” said Fabrice Tourre, a French-born 31-year-old Goldman trader who was the only individual named in the SEC suit. “I deny — categorically — the SEC’s allegation.”

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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.

3d rendering of a row of luxury townhouses along a street

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