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Goldman stock up despite tough grilling

By Vicki Needham - 04/27/10 04:01 PM ET

Goldman Sachs stock survived the Senate grilling of its executives relatively unscathed on Tuesday.

Up more than 1 percent throughout most of trading on Tuesday, Goldman shares gained a little more than half a percentage point while the Dow Jones Industrial Average sank nearly 2 percent. The action occurred while the firm's leaders testified before the Senate Permanent Subcommittee on Investigations.

Goldman executives denied that their firm played a role in the 2008 financial crisis. They also collectively said they didn't do anything wrong in responding to a lawsuit filed nearly two weeks ago by the Securities and Exchange Commission that charges the firm defrauded its customers.



Source:
http://thehill.com/blogs/on-the-money/banking-financial-institutions/94657-goldman-stock-up-despite-tough-grilling

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