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Thursday
Apr292010

SPARKS ON FIRE: Did A Goldman Banker Lie Under Oath?

Great piece from Andy Kroll at Mother Jones.  Maybe this explains why the New York Post is reporting this morning that Goldman is looking for a quick settlement to the SEC case.  They did not like the publicity Tuesday. 

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Daniel Sparks told Congress Tuesday he didn't expect a group of financial products to fail.  Internal documents suggest he knew otherwise.

Sparks--whose overall evasiveness drew the ire of Senate investigations subcommittee chair Carl Levin (D-Mich.) and other lawmakers--replied:

"At the time we did those deals, we expected those deals to perform."

Numerous documents released by the subcommittee, however, indicate that Sparks, who left Goldman Sachs in the spring of 2008, and his former employer knew otherwise.  And his testimony raises a serious question: whether he lied to Congress under oath.

Continue reading at Mother Jones  >>

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Reader Comments (3)

Apr 29, 2010 at 2:25 PM | Registered CommenterDailyBail
The angry mob of legal and illegal hispanics is being called the Tequila Party. How about a story on the Tequila Party DB, break your not fair or balanced just once. No, oh well.
Apr 29, 2010 at 7:29 PM | Unregistered CommenterZarathustra
what do you expect me to say about an arizona immigration law...it is what it is...
Apr 29, 2010 at 11:38 PM | Registered CommenterDailyBail

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