Executives from Goldman Sachs faced intense questioning before a Senate subcommittee over the investment bank’s sales of securities that an employee described as “sh***y.”

“Boy, that timberwolf was one “sh***y deal,” Thomas Sachs, a former head of sales aand trading at Goldman wrote in an e-mail quoted by Senate Permanent Subcommittee on Investigations Chairman Carl Levin, D-Mich., in a hearing Tuesday.

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