Goldman Sachs heads deny wrongdoing

Executives from the investment bank reject claims it profited from economic crisis.

Executives from Goldman Sachs, the Wall Street investment bank, have been defending themselves against accusations that they deliberately sold investors products which they expected to fail.

Goldman executives remained defiant during a US senate hearing on Tuesday, maintaining they did nothing wrong.

Lloyd Blankfein, the chief executive of Goldman Sachs, said customers who bought securities from Goldman were looking for risk “and that’s what they got”.

Kimberly Halkett reports from Washington.

Source: Al Jazeera


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