Goldman Sachs executives lied to clients and Congress says top lawmaker – indictment recommended

[Edwin Kleeveland, Financial Crisis and Banking News Contributor]

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.

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