Goldman Sachs to face Senate panel as allegations mount

Goldman Sachs Group Inc. executives are set to appear in front of a congressional committee Tuesday as allegations about the investment bank's conduct in the mortgage and structured finance markets mount.

Lloyd Blankfein, chief executive of Goldman, and David Viniar, chief financial officer of the firm, are scheduled at a hearing of the Permanent Subcommittee on Investigations, part of the Senate Committee on Homeland Security & Governmental Affairs.

Fabrice Tourre, the Goldman banker at the center of Securities and Exchange Commission fraud charges against the firm, is also due at the hearing.

Joining them will be: Chief Risk Officer Craig Broderick; Daniel Sparks, former partner and head of the firm's mortgages department; Joshua Birnbaum, a former managing director in Structured Products Group Trading; and Michael Swenson, a managing director in Structured Products Group Trading.

Read Full Article from MarketWatch

- Posted: 2010-04-26 12:19:41

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