Democrats use Goldman e-mails to push regulatory reform

04/26/2010 | Bloomberg

Internal Goldman Sachs e-mails seized by the federal government are being used by Senate Democrats to bolster their case for sweeping regulatory reform of financial markets. "These e-mails signify that there are all kinds of conflicts of interest on Wall Street, that Wall Street is working for its clients and working against its clients in the same sort of bundled toxic securities," said Sen. Sherrod Brown, D-Ohio, a member of the Senate banking committee. Democrats believe the e-mails illustrate why a ban on proprietary trading is needed.

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