{"id":19427,"date":"2010-04-28T01:30:06","date_gmt":"2010-04-28T01:30:06","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/goldman_sachs_executives_grilled_in_senate_hearing_on_mortgages\/"},"modified":"2010-04-28T01:30:06","modified_gmt":"2010-04-28T01:30:06","slug":"goldman_sachs_executives_grilled_in_senate_hearing_on_mortgages","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=19427","title":{"rendered":"Goldman Sachs Executives Grilled in Senate Hearing on Mortgages"},"content":{"rendered":"<p>Goldman Sachs Group Inc. executives were grilled by U.S. lawmakers who compared the bank\u2019s mortgage bankers to bookies as Senator Carl Levin asked why they sold securities the company itself called \u201cshitty.\u201d\u009d<\/p>\n<p>\u201cHow about the fact that you sold hundreds of millions of that deal after your people knew it was a shitty deal?\u201d\u009d the Michigan Democrat asked Daniel Sparks, who ran the bank\u2019s mortgage unit at the time. \u201cDoes that bother you at all?\u201d\u009d<\/p>\n<p>Members of the Levin\u2019s Permanent Subcommittee on Investigations, winding up a probe of Goldman Sachs that has lasted more than a year, used today\u2019s hearing to pepper current and former executives with questions about their duty to clients and the ethics of betting against the housing market as the bank also sold mortgage-linked securities to customers.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-04-27\/goldman-sachs-grilled-in-senate-hearing-over-mortgage-business.html\">Read it all<\/a>.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs Group Inc. executives were grilled by U.S. lawmakers who compared the bank\u2019s mortgage bankers to bookies as Senator Carl Levin asked why they sold securities the company itself called \u201cshitty.\u201d\u009d \u201cHow about the fact that you sold hundreds<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=19427\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,589,149,168,600,616,151,667,618,599,34],"tags":[],"class_list":["post-19427","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-housingreal-estate-market","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-stock-market","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19427"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19427\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}