April 27th, 2010
12:21 PM ET
13 years ago

Levin swears repeatedly at Goldman hearing

(CNN) – Michigan Sen. Carl Levin, Democratic chairman of the Senate subcommittee on Permanent Investigations, did not censor himself Tuesday as he repeatedly quoted from an e-mail in which a Goldman Sach's executive referred to a mortgage deal as "shi**y."

Thomas Montag, Goldman's former head of sales and trading, described a series of mortgage-backed investments the investment bank was selling to clients as "one shi**y deal" in the email to colleagues.

Levin repeatedly quoted the curse word - close to a dozen times - when questioning Daniel Sparks, former head of Goldman's mortgage department, who allegedly urged his group to make the deals. Levin's line of questioning was carried live by CNBC.

The committee is examining Goldman's role in the financial crisis last year and allegations it sold mortgage-backed securities to clients that the firm later bet against.

Filed under: Carl Levin • Goldman Sachs • Popular Posts
soundoff (206 Responses)
  1. ThinkAgain

    Levin was just reading what the Goldman Sachs wrote. Big deal.

    What I find truly offensive is the attitude of the GS execs who have absolute contempt for the hard-earned money they so recklessly gambled away. They want to privatize their profits and wail about the possibility of any kind of reasonable regulation of their industry, but have no qualms to come begging for a handout when their foolish schemes fail.

    Wall Street = Are a bunch of (fill in the blank with your favorite expletive)

    April 27, 2010 02:55 pm at 2:55 pm |
  2. Happy in LV

    Those "raising their eyebrows" never swear. Give me a break. I am so tired of the hypocrisy in government. They all have so many skeletons in their closets, they just has not been found. Who cares about swearing. I am tired of the holier than thou attitude in this country.

    April 27, 2010 02:55 pm at 2:55 pm |
  3. Realist

    Hey...any of your Levin supporters....can have him. he has been worthless for Michigan. Who cares about Goldman....has Goldman took any money out of your pockets?? Highly doubtful......If you want to be angry at someone how about those knuckleheads in DC.

    April 27, 2010 02:58 pm at 2:58 pm |
  4. Dale

    Where do I sign up to give my money to the trustworthy folks at GS?

    April 27, 2010 02:58 pm at 2:58 pm |
  5. Jon Better

    Jon in Madison needs to remove his heavy blinkers. But then the light of truth will be too much – he's not ready to give up his bigotry and ignorance.

    April 27, 2010 02:58 pm at 2:58 pm |
  6. Jennifer

    Nice comb over you got there, mister.

    April 27, 2010 02:58 pm at 2:58 pm |
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