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Wall Street: Financial Reform / Legislation / Goldman Sachs #964023

CBS Evening News for Monday, Apr 26, 2010
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(Studio: Katie Couric) The fight over financial reform introduced.

(Washington: Nancy Cordes) Today's Senate vote on a bill to crack down on derivatives trading reviewed; scenes shown from the Senate; details given about the political views of a consumer protection agency, the fund to back up banks & the Senate negotiations. [White House press secretary Robert GIBBS†, Senators Richard SHELBY, Mitch McCONNELL, Mark WARNER - comment on the legislation.] [Manhattan College professor Charles GEISTT†- comments on the possibility of compromise.] The timetable for passing a bill discussed.

(Studio: Katie Couric) A shareholders' lawsuit against Goldman Sachs & CEO Lloyd Blankfein noted.

(Studio: Anthony Mason) The evidence that Goldman bet against its own housing mortgages & designed the system to fail examined; 2007 e-mails from CFO Craig Broderick on a short & from Fabrice Tourre quoted; details given of Blankfein's coming Congressional testimony.

Couric, Katie;
Cordes, Nancy;
Mason, Anthony

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