Goldman Sachs has received a subpoena from the Manhattan District Attorney’s office seeking information on the firm’s activities leading into the credit crisis, according to two people familiar with the matter, reports Bloomberg.
The request relates to the U.S. Senate’s Permanent Subcommittee on Investigations report on Wall Street’s role in the housing market collapse, which accused Goldman of misleading buyers of mortgage-linked investments, the people said. That report was referred to the U.S. Department of Justice and the Securities and Exchange Commission, which are also investigating.
What's up with the Manhattan DA getting in on the act? Is Cyrus Vance Jr. seeking headlines?
Or is this another step in the on going squeeze of Goldman?
"The request relates to the U.S. Senate’s Permanent Subcommittee on Investigations report on Wall Street’s role in the housing market collapse"
ReplyDeleteIt's called the Fed. Go investigate it. Also investigate the US government's various legislative acts promoting "Home ownership" and guaranteeing firm's against suffering losses for bad decisionmaking.
Morons. There are various medieval forms of torture that would befit these little criminals in suits and robes.