American Morning

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April 30th, 2010
10:26 AM ET

Blessing a bad investment

(CNN) – The Wall Street scandal that brought our financial system to its knees has focused a lot of attention on mortgage securities. This week, Congress grilled Goldman Sachs executives for allegedly selling them, while betting against them. But there are other players in the financial world who played a role in the near collapse of our economy, like the credit rating agencies. CNN's Allan Chernoff reports.

Filed under: Business
soundoff (2 Responses)
  1. Gustroh

    With the government bringing civil and criminal charges against Goldman Sachs, wouldn't a guilty verdict open numerous doors to lawsuits?
    Wouldn't the "too big to fail" be doomed to pay global financial restitution?
    Isn't the government shooting the entire system in the foot to save face?
    Isn't the end of The American Empire exciting?

    May 2, 2010 at 1:52 pm |
  2. Michael Armstrong Sr.

    The banks should be on the chopping blocks for there scam with credit cards just like Goldman Sacks American Bank along with others bank's giving credit cards to illegal's knowing that they would never be paid back .

    April 30, 2010 at 10:35 am |