Senate panel scrutinizes Goldman Sachs' tactics

04/14/2011 | Hill, The · Bloomberg · CNNMoney

A Senate panel investigated Goldman Sachs Group's dealings before the global financial crisis and found that the firm misled investors and then later lawmakers. The panel's findings have been sent to the Securities and Exchange Commission and the Department of Justice. Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations, called Goldman executive's tactics "disgraceful," but stopped short of claiming they had done anything illegal. "In my judgment, Goldman clearly misled their clients and they misled the Congress," he said.

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Hill, The · Bloomberg · CNNMoney

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