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Mr Philip Angelides, chairman of the Financial Crisis Inquiry Commission has told reporters that Goldman Sachs head Lloyd Blankfein has failed to own up to his firm’s role in selling mortgage securities that helped trigger the global credit crisis.
China’s property prices rose at the fastest pace in 18 months in December, stressing the government’s struggle to rein in speculation while maintaining economic growth. Residential and commercial real-estate prices in 70 cities climbed 7.8% from a year earlier.
Around the world sentiment toward stocks rose, reaching a record level in the US, as reports on manufacturing showed the global economy is recovering and investors betting that profits will grow since 2007.