Goldman Sachs executives defend deceptive marketing of securities

Testifying Tuesday before a Senate investigative panel, Goldman Sachs executives defended their deceptive marketing of mortgage-backed securities and denied any responsibility for the global economic crisis.

These actions, which helped precipitate the global financial collapse, have led to the loss of jobs, homes, and life savings, and resulted in untold misery for masses of people. The criminal practices that transpired at Goldman Sachs were not an aberration, but were repeated in banks and financial firms across the country.