Economic Policy Journal
April 26, 2010

  • A d v e r t i s e m e n t
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It’s hard to feel sorry for Goldman Sachs since they did rape America via the AIG bailout, but the Levin hearings are about dragging Goldman across the coals for their legitimate trading activities. This is simply a ‘show hearing’ giving Senators the chance to posture for the voters back home, as though they are really taking on Wall Street. Here’s the scheduled line up:

Testimony is scheduled to begin at 10 a.m. ET time on Tuesday, April 27.

The first panel will question Fabrice Tourre, who is accused of civil fraud by the SEC , Michael Swenson, a managing director in Goldman Sachs’s structured products group, and two former employees: Daniel Sparks, who was head of the mortgage department, and Joshua Birnbaum, who was a managing director in the structured products group.

A second panel will feature Chief Financial Officer David Viniar and Chief Risk Officer Craig Broderick, followed by a final panel at which Lloyd Blankfein is scheduled to appear alone.

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Remember, it’s not a matter of IF you’ll need storable food, but WHEN!

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