Goldman Sachs Executives Blasted for 'Sh**ty Deal'

Goldman Sachs CEO Lloyd Blankfein defended his firm against unyielding criticism that it exploited the U.S. housing bubble during a hearing before a Senate panel today. Blankfein stressed that he did not feel the firm had a responsibility to tell clients when it took "short positions" on -- what some refer to as betting against -- the products it was selling them, at least one of which was described as "sh**ty" in an internal company e-mail. "What do you think about selling securities that...Full Story
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