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The Chronicle Telegram in Elyria, Ohio

28 Apr 2010

Page 5

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 28, 2010

Page

5

Goldman Sachs Chief Defends Actions in Financial Crisis

Senate hearing features Goldman Sachs executives denying wrongdoing as Fabrice Tourre defends his role in mortgage securities. Lawmakers press CEO Lloyd Blankfein about shorting bets and selling risky assets to investors, amid bipartisan criticism and stalled financial reform talks.

MENTIONED IN THIS ARTICLE

Goldman Sachs Washington Goldman Sachs Co Goldman Senate Fabrice P. Tourre Tourre Securities and Exchange Commission SEC Senate Permanent Subcommittee On Investigations Carl Levin D-Mich Subcommittee Wall Street Levin David Viniar Lloyd Blankfein Rity Blankfein Susan Collins Maine Senate Democrats Obama Center Capitol Hill
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Ford posts $2.1 billion Q1 profit as shares slide on sustainability fears

Ford Motor Co. reports a first quarter profit of 2.1 billion dollars or 50 cents a share, marking the fourth straight positive quarter. Despite improved U S sales and a rebound in market share, investors worry about sustaining gains with higher steel costs, rising rates, and weaker European demand. Ford Credit profits buoy results but revenues may slow as car sales lag.

MENTIONED IN THIS ARTICLE

Dearborn Mich Ford Motor Co Ford U.S Gimme Credit Shelly Lombard Standard and Poor Portugal Greece Lombard Wall Street Ford Credit
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Senators fault Congress and Wall Street at heated hearing

In a televised Senate session lawmakers blamed Goldman Sachs and other Wall Street firms for the financial crisis while executives from Goldman faced questions without showing contrition. Senator Levin spotlighted an expletive-laden email as he pressed if Goldman Sachs should have sold a deal labeled a so called s y deal.

MENTIONED IN THIS ARTICLE

Goldman Sachs Daniel Sparks Goldman Michael Swenson Wall Street Fabrice Tourre Securities and Exchange Commission Congress Carl Levin D-Mich Levin
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