Anger as US prosecutors scrap probe of Goldman
August 11, 2012
by legitgov ShareThis
Anger as US prosecutors scrap probe of Goldman 11 Aug 2012 Goldman Sachs was let off the hook yesterday as the US Department of Justice dropped plans to bring criminal charges over claims the bank was betting against the same toxic subprime mortgage securities it sold to clients. In April last year, Senator Carl Levin demanded a criminal investigation after his sub-committee spent more than a year looking into Goldman. Chief executive Lloyd Blankfein faced a embarrassing grilling for hours from Mr Levin over whether it was morally correct for the firm to sell its clients products described internally as "crap".
August 11, 2012
by legitgov ShareThis
Anger as US prosecutors scrap probe of Goldman 11 Aug 2012 Goldman Sachs was let off the hook yesterday as the US Department of Justice dropped plans to bring criminal charges over claims the bank was betting against the same toxic subprime mortgage securities it sold to clients. In April last year, Senator Carl Levin demanded a criminal investigation after his sub-committee spent more than a year looking into Goldman. Chief executive Lloyd Blankfein faced a embarrassing grilling for hours from Mr Levin over whether it was morally correct for the firm to sell its clients products described internally as "crap".