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The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.
The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time," the department said.
In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.
Sorry my friend. Did a search and didn't find. All apologies..
Originally posted by GD21D
Already been posted here.It's not my intention to call the OP out on this, I just think we should focus on one thread rather than spreading opinions out on multiple threads in which this is the fourth I've seen so far. The link I gave is the first one created to my knowledge.
It's all good man, no need for apologies.
Originally posted by Propulsion
Sorry my friends. Did not see on a search. Go ahead mods, Let her rip...!edit on 10-8-2012 by Propulsion because: (no reason given)
A new report from the conservative Government Accountability Institute (GAI) finds that President Barack Obama’s and Attorney General Eric Holder’s failure to criminally charge any top Wall Street bankers is likely a result of cronyism inside the Department of Justice and political donations made to Obama’s campaign.
Despite Obama’s and Holder’s “heated rhetoric” against Wall Street (in 2009, Obama blamed the 2008 financial collapse on “reckless speculation of bankers” while Holder charged that “unscrupulous executives, Ponzi scheme operators and common criminals alike have targeted the pocketbooks and retirement accounts of middle class Americans”), they haven’t “filed a single criminal charge against any top executive of an elite financial institution,” GAI wrote in its report, exclusively obtained by The Daily Caller.
Originally posted by GD21D
Already been posted here.It's not my intention to call the OP out on this, I just think we should focus on one thread rather than spreading opinions out on multiple threads in which this is the fourth I've seen so far. The link I gave is the first one created to my knowledge.
Originally posted by GD21D
Already been posted here.It's not my intention to call the OP out on this, I just think we should focus on one thread rather than spreading opinions out on multiple threads in which this is the fourth I've seen so far. The link I gave is the first one created to my knowledge.
The repeal of the Glass-Steagall Act occurred on November 12, 1999 with the passage of the Gramm-Leach-Bliley Act, officially known as the Financial Services Modernization Act of 1999. That legislation repealed the portion of the Glass-Steagall Act which barred banks holding insured deposits from merging with Wall Street securities firms. It also removed the barrier located in the Bank Holding Company Act of 1956 which prevented insured deposit banks from merging with insurance companies.