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Did Goldman's Ex-Mortgage Guru DANIEL SPARKS Lie Under Oath?

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Segami Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-10 09:17 AM
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Did Goldman's Ex-Mortgage Guru DANIEL SPARKS Lie Under Oath?
Daniel Sparks told Congress he didn't expect a group of financial products to fail. Internal documents suggest he knew otherwise.


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".......At one point, an indignant Sen. Jon Tester (D-Mont.) said, "Every one of these looks like a wreck waiting to happen." And he asked Daniel Sparks, the former head of Goldman's mortgage department, how he "in good faith" could peddle these mortgage-related products to clients when it was clear the mortgage market was close to complete collapse—and when Goldman itself had begun "shorting," or betting against, this very same market. 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 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.


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http://motherjones.com/politics/2010/04/daniel-sparks-goldman-sachs-hearing
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LiberalAndProud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-10 09:27 AM
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1. Assuming he did, as it appears on the face of it,
what are the criminal penalties? Who has to bring the charge?
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-10 09:31 AM
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2. My bet is everyone of those assholes is lying through his teeth. nt
Edited on Thu Apr-29-10 09:32 AM by polichick
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DFW Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-29-10 09:43 AM
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3. I saw a part of that hearing here on CNBC in Brussels, and my question is:
Was there any one of them that was NOT lying?

I'm no expert at body language, but it looked to me like they all were hoping desperately for an electrical failure so they could slip out of the room in the dark.
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