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When Goldman Sachs CEO Lloyd Blankfein and six other company executives testify before a Senate subcommittee on Tuesday there likely will be talk about how the firm manages risk, a lot about how they took actions to protect the firm and its clients during the subprime crisis, and that above all, they did not make money betting against the housing market.
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China’s central bank governor, Zhou Xiaochuan, said the country will keep its “proactive” fiscal measures and maintain its “relatively easy” monetary policy as the global economic recovery remains tentative.
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Greek Finance Minister George Papaconstantinou said investors betting against his cash- strapped nation will “lose their shirts” as his government seeks an emergency aid package before debt payments in mid-May.