Huffpost Business: According to the leading jurist heading up the investigation into the role of Wall Street in the US’s financial crisis, Goldman Sachs top executives lied to and misled their clients so that they could make money from the emerging financial meltdown and then went on to deceive Congress when they had been asked for explanations for what they had done.
As a result of these findings, Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, is going to refer the Goldman Sachs executives who had appeared before his panel (and this includes the company’s chair and CEO, Lloyd Blankfein), to the Justice Department for consideration of criminal proceedings.
Goldman Sachs is denying any wrongdoing.
- Goldman Sachs Charges Up to Justice Department, Levin Says (businessweek.com)
- Senate chairman says Goldman Sachs ‘misled’ clients and Congress over subprime mortgages (birdflu666.wordpress.com)
- Goldman Sachs bet against clients, report says (sfgate.com)
- Senate Panel Report yesterday finds Lloyd Blankfein guilty as charged and now what? (iflizwerequeen.com)
- Goldman Sachs Shares Down: Is it Carl Levin’s Fault? (blogs.wsj.com)
- Senate panel slams Goldman in scathing crisis report (theglobeandmail.com)
- Senator Says Goldman Sachs Misled Congress, Plans DOJ Referral (legaltimes.typepad.com)
- Senate Panel Slams Goldman Sachs (huffingtonpost.com)