03/28/2008 02:45 am ET | Updated May 25, 2011

Goldman CFO: Fear Is Ruling The Markets

US credit markets are trading as if the economy is in a recession because investors' "fear has overwhelmed greed," Goldman Sachs Group Inc. Chief Financial Officer David Viniar said yesterday.

"Credit markets are trading like we're in the middle of the worst recession we've seen in a very, very long time," Viniar said at an investor conference.

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