Investment Banks and the Financial Crisis, Executives

Executives from Goldman Sachs testified about investment and trading activities of Goldman Sachs and other investment banks involving… read more

Executives from Goldman Sachs testified about investment and trading activities of Goldman Sachs and other investment banks involving residential mortgage based securities and related products. In sometimes combative questioning senators asked about electronic mail and other communications by company officers indicating the company was pushing the sale of risky derivatives while also betting against the products sold to clients. At one point Mr. Viniar said that objectionable language and characterizations of poor products were “very unfortunate to have on e-mail.”

This hearing was the fourth in a series of subcommittee hearings examining some of the causes and consequences of the recent financial crisis. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Investment Banks and the Financial Crisis, Executives

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Program ID:
293196-2
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 27, 2010
Last Aired:
Apr 28, 2010

Airing Details

  • Apr 27, 2010 | 3:30pm EDT | C-SPAN 3
  • Apr 28, 2010 | 1:58am EDT | C-SPAN 3
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