Goldman Sachs Executives Say Risk Management Drove AIG Dispute

Goldman Sachs Group Inc. executives repeated their position that disputes with American International Group Inc. over securities prices and collateral in 2007 and 2008 reflected the firm’s typical risk-management efforts.

Chief Financial Officer David Viniar and David Lehman, co-head of the firm’s structured products group trading desk, are scheduled to testify this morning before the Financial Crisis Inquiry Commission in Washington. Their prepared testimony replays comments made yesterday by President and Chief Operating Officer Gary Cohn and Chief Risk Officer Craig Broderick.