Senator: Goldman Sachs "a financial snake pit rife with greed, conflicts of interest and wrongdoing'

hey, someone from washington is telling the truth...............from wapo............

"Much of the blame for the 2008 market collapse belongs to banks that earned billions of dollars in profits creating and selling financial products that imploded along with the housing market, according to the report. The Levin-Coburn panel levied its harshest criticism at investment banks, in particular accusing Goldman Sachs and Deutsche Bank AG of peddling collateralized debt obligations backed by risky loans that the banks’ own traders believed were likely to lose value"............read more here