Keep Wall Street in Check by Balancing the Budget

The future of Wall Street certainly seemed bleak on Apr. 27. Executives from Goldman Sachs (GS), the world's most profitable securities firm, were grilled by the Senate Permanent Subcommittee on Investigations for their behavior during the housing market crash. The stature of the firm—and by proxy, Wall Street—are diminished, no matter what comes of the Securities & Exchange Commission's allegation that Goldman defrauded customers in creating and selling a synthetic security during that crash.

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