Goldman Sachs’ moment of public flogging is here.
On Tuesday, top representatives from Wall Street’s most powerful firm will appear on Capitol Hill, where they are expected to endure a harsh line of questioning from lawmakers about their role in helping bring about the financial crisis.
Much of the focus however will likely center on the complicated mortgage investment Goldman sold that is now the subject of a civil fraud suit brought against the firm earlier this month by the Securities and Exchange Commission.
Seven current and former Goldman Sachs executives are slated to appear at Tuesday’s hearing. Among them will be the company’s current CEO Lloyd Blankfein, its chief financial officer David Viniar, as well as Fabrice Tourre, the 31-year-old Goldman employee who helped broker the now infamous deal that is at the center of the SEC’s claim.
Lawmakers will probably show little mercy towards that trio.
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Article courtesy cnn.com