Fabulous Fab Goes to Washington


Fabrice Tourre, the Goldman Sachs bond salesman and noted bon vivant who has been accused by the SEC of misleading investors in a collateralized-debt obligation, has apparently accepted an invitation to defend his good name alongside Goldman Sachs CEO Lloyd Blankfein in front of the Senate Permanent Subcommittee on Investigations next Tuesday, April 27. According to Bloomberg, Tourre, who is currently on paid leave from the firm, plans to “tell the panel he did nothing wrong.” [Bloomberg]