josh birnbaum

Goldman Sachs players in the mortgage industry Josh Birnbaum and Daniel Sparks sat in front of a Congressional committee today answering questions related to the mortgage industry and their company’s role in the past.The inquiry was to find if Goldman Sachs and specifically Josh Birnbaum and Daniel Sparks may have misled about the sale of mortgage-based investments.

Congress is trying to figure out any troublesome events that might have taken place at Goldman Sachs as the mortgage crisis was already unfolding.

The inquiry stems from a Securities and Exchange Commission lawsuit filed against a Goldman Sachs VP that claims he allegedly misled investors relating to mortgage investments.

The VP in question, Fabrice P. Tourre vehemently denied any wrongdoings in front of the panel in a prepared statement where he said, “I deny, categorically, the SEC’s allegation. And I will defend myself in court against this false claim.”
source:media newswire