Senator Carl Levin blasts Goldman Sachs over email calling Timberwolf investment 'one sh***y deal'

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Senator Carl Levin blasts Goldman Sachs over email calling Timberwolf investment 'one sh***y deal'

Posted in Investment News on April 29, 2010 by Administrator

One thing is clear from today’s Goldman Sachs Senate hearings – Sen. Carl Levin does NOT approve of “sh***y deals.”

Goldman Sachs executives appearing before a Senate panel investigating whether they profited from dealing investors toxic mortgage securities got an earful Tuesday from Levin – who blasted the company for an internal e-mail describing an investment the company sold to a client as “one sh***y deal.”

An incensed Levin, chairman of the Senate Permanent Subcommittee on Investigations leading the investigation, hammered executives testifying for Goldman, and in an unusually colorful statement that has quickly become must-see viral video, repeated the expletive 11 times......

http://www.nydailynews.com/money/2010/04/27/2010-04-27_goldman_trader_montag_called_cdo_one_shiy_deal_in_email.html#ixzz0mS1PGDff