Thursday, 14 April 2011

Goldman Sachs - CDOs - Congress

Goldman Sachs Misled Congress After Duping Clients, Levin Says


Senator Carl Levin, releasing the findings of a two-year inquiry yesterday, said he wants the Justice Department and the Securities and Exchange Commission to examine whether Goldman Sachs violated the law by misleading clients who bought the complex securities known as collateralized debt obligations without knowing the firm would benefit if they fell in value.

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