This hearing will be the fourth in a series of Subcommittee hearings
examining some of the causes and consequences of the recent financial
crisis. The fourth hearing will focus on the role of investment banks
in the securitization of residential mortgage related products, and the
development, marketing, and trading of residential mortgage related
structured financial products such as collateralized debt obligations
(CDOs) and credit default swaps (CDS). The hearing will also review
certain investment and trading activities of investment banks that
involve residential mortgage based securities and related products.
Witnesses
Panel 1
· DANIEL L. SPARKS
Former Partner, Head of Mortgages Department
The Goldman Sachs Group, Inc.
· JOSHUA S. BIRNBAUM
Former Managing Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.
· MICHAEL J. SWENSON
Managing Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.
· FABRICE P. TOURRE
Executive Director, Structured Products Group Trading
The Goldman Sachs Group, Inc.
Panel 2
· DAVID A. VINIAR
Executive Vice President and Chief Financial Officer
The Goldman Sachs Group, Inc.
· CRAIG W. BRODERICK
Chief Risk Officer
The Goldman Sachs Group, Inc.
Panel 3
· LLOYD C. BLANKFEIN
Chairman and Chief Executive Officer
The Goldman Sachs Group, Inc.