WSJ – Goldman Sachs Group Inc. told a U.S. panel examining the financial crisis that the company wasn’t responsible for toppling two Bear Stearns & Co. hedge funds in early 2007.
In dozens of pages of documents submitted to the Financial Crisis Inquiry Commission, Goldman detailed its valuation of mortgage securities underwritten by the New York company, some of which were held in two Bear hedge funds managed by Ralph Cioffi and Matthew Tannin.
