3 votes

Is Goldman finally "going down"?

Wed Apr 13, 2011 7:28pm EDT

* Senator Levin: Goldman Sachs misled clients, Congress

* Deutsche, Moody's, S&P all criticized in new report

By Kevin Drawbaugh

WASHINGTON, April 13 (Reuters) - In the most damning official U.S. report yet produced on Wall Street's role in the financial crisis, a Senate panel accused powerhouse Goldman Sachs of misleading clients and manipulating markets, while also condemning greed, weak regulation and conflicts of interest throughout the financial system.

Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations, one of Capitol Hill's most feared panels, has a history with Goldman Sachs (GS.N).

He clashed publicly with its Chief Executive Lloyd Blankfein a year ago at a hearing on the crisis.

The Democratic lawmaker again tore into Goldman at a press briefing on his panel's 639-page report, which is based on a review of tens of millions of documents over two years.

Levin accused Goldman of profiting at clients' expense as the mortgage market crashed in 2007. "In my judgment, Goldman clearly misled their clients and they misled Congress," he said, reading glasses perched as ever on the tip of his nose.

read more http://www.reuters.com/article/2011/04/13/financial-regulati...




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Nearly three years...

since the greatest swindle of the 21st century and nobody in jail. I am ashamed of what we have become.

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya

ytc's picture

. . and wasn't candidate OBAMA the recipient of Goldman Sach's

largest campaign contribution?

We'll see how independent Dept of Justice is from King Obm's sphere of unlawful, unConstitutional influence.

Kabuki Theatre

How much you wanna bet Goldman gets out of this with a slap on the wrist?

Levin is one man against all of DC, and DC won't let one of its own go down, especially not as a new presidential election cycle starts.

=======
RON PAUL 2012

Kabuki Theatre art is refined over the Centuries.

Kabuki has earned high regard.

Goldman is a festered sliver... A disgusting cabal. They are infested with very sick actors. They print their dues out of their own funny-money. They lie, cheat & worse.

    "Let a sleeping dog lie." It is a poor old maxim, & nothing in it: anybody can do it, you don't have to employ a dog.
    - Written in copy of Adventures of Huckleberry Finn to Margery Clinton, August 18, 1908

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I prefer cats.

Theater is enjoyed best with friends... & good acting.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

And these banksters

sit in luxury offices, wallowing in the profits of their crimes, while a patriotic whistleblower Bradley Manning is tortured in his holding cell while awaiting trial.

How insane can this world get?