After two days of deliberation, a jury found former trader Fabrice "Fabulous Fab" Tourre liable on six out of seven counts of fraud on a mortgage deal that cost investors $1 billion when it collapsed in the midst of the financial crisis.
Today was Goldman Sachs' big day in front of the Senate Subcommittee on Investigations—The C.S.I. of Senate subcommittees. From Goldman CEO Lloyd Blankfein, we've compiled an illustrated guide on how to comport yourself at your next Senate hearing.
By now you've heard the news that investment bank Goldman Sachs is in some hot water with the government. Today, executives from the firm will testify on Capitol Hill. Will there be drama? Here is a quick guide.
Did you know that traders at the troubled investment bank are legendary health nuts? It's true! So could a fastfood eating contest between 10 mortgage traders at the firm have lead to the housing market collapse of 2007?