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<p>Michigan senator leads fight as committee hammers Goldman Sachs over e-mails that called mortgage-backed securities a ‘sh—y deal’ even as it pushed them to investors.</p><p />

At one point in the hearings, Sen. Mark Pryor asked a group of current and former employees if they take responsibility for their contributions to the financial crisis.

Sparks said he takes responsibility. He said evenly and deliberately, “I think it’s clear that credit standards got loose.” His voice dropped when he said “loose,” and Pryor asked him to repeat it.

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