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executives held their ground. we did not cause the financial crisis. reporter: and offered no regrets. regret to me means something that you feel like you did wrong and i don t have that. reporter: daniel sparks is the former head of goldman sachs mortgage department. we made some poor business decisions in hindsight. reporter: but the senate subcommittee said e-mails showed that as the financial crisis deepened, goldman sachs made a massive bet the housing market would collapse. in effect, betting against mortgages that goldman at least in part helped to finance. they became the chips in a giant casino. reporter: the hearing included the first appearance by the goldman vice president known in e-mails as the fabulous fab. my name is fabrice tourre and i work at goldman sachs international in london. reporter: tourre is the only executive named in the s.e.c. s fraud case against the bank which accuses goldman of deceiving its clients about an invest ....
from cbs news world headquarters in new york this is the cbs evening news with katie couric. couric: by now you know the allegations that goldman sachs deceived investors by selling them securities that were designed to fail. today goldman executives swore under oath they did no such thing. not in a courtroom, but in a very contentious hearing complete with barnyard language on capitol hill. anthony mason is our senior business correspondent and, anthony, things got pretty hot in that senate hearing room. they did, katie. goldman execs got an all-day grilling. see owe lloyd blankfein had to defend himself and his company against accusations that goldman sachs, one of the country s most profitable and powerful banks, was running a casino. we didn t have a massive short against the housing market and we certainly did not bet against our clients. reporter: lloyd blankfein s testimony did little to persuade the senate committee. it s gambling. pure and simple ra ....