14 Apr '11, 2pm

Senate panel says Goldman misled clients, lawmakers on CDOs - TODAYonline #goldmansachs

WASHINGTON - Goldman Sachs designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest as the company built short positions before the US housing market collapsed, a Senate panel said in its report on the financial crisis. In the case of one CDO, Hudson Mezzanine Funding 2006-1, Goldman Sachs told investors its interests were aligned with theirs while the firm held 100 per cent of the short side, according to the report released on Thursday by the Senate's Permanent Subcommittee on Investigations. Senator Carl Levin, the Michigan Democrat, who leads the panel, urged regulators to review all of the structured finance transactions described in the report. At a briefing on Thursday, Mr Levin said he believed Goldman Sachs executives weren't truthful about the company's transactions in testimony before the subcommittee at...

Full article: http://www.todayonline.com/Business/EDC110414-0001673/Sen...

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news.efinancialcareers.sg 14 Apr '11, 2am

In much the same vein as the Goldman Sachs guide to interview success, it has come to our attention that there is also a G...