Neither Goldman Sachs Group Inc nor its employees will face U.S. criminal charges related to trades they made during the financial crisis that
were highlighted in a 2011 U.S. Senate report, the Justice Department said on Thursday.
So once again political contributions and well placed former employees will pay off for the big banks. Business will continue as usual.
Few expected the bank to face criminal charges, but in April 2011, U.S. Senator Carl Levin asked for a criminal investigation after the
subcommittee he leads spent years looking into Goldman. Levin's subcommittee held televised hearings as part of its inquiry, which centered on a
subprime mortgage product known as Abacus. He said Goldman misled Congress and investors.
I think enough people predicted the market collapse that the argument "No one saw it coming" is not valid. I'm pretty sure they knew it was
coming, and they positioned themselves to benefit. I.E the bank bailouts.
Yeah, I thought I had my 1st double post. It was crazy.
One of the other threads has that overlapping circle graphy (I just invented that word, you're welcome) thing I was looking for. It's become so
corrupt and twisted in D.C. that I don't think it will ever get fixed.
And you can never go wrong with classic Metallica.
The Above Top Secret Web site is a wholly owned social content community of The Above Network, LLC.
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.
All content copyright 2014, The Above Network, LLC.