Goldman Sachs misled clients and Congress about the firm’s bets on securities tied to the housing market, the chairman of the U.S. Senate panel that investigated the causes of the financial crisis said.
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.
Congressional Glance
Last night, The Nation Institute hosted a debate between former congressman Brian Baird and Rep. Anthony Weiner (D-NY) and moderated by The New York Times’s Roger Cohen about the UN-commissioned Goldstone Report, which documented alleged war crimes committed by both the Israeli military and Hamas forces during the 22-day long “Operation Cast Lead” conflict in Gaza in 2008.





























