Fri Aug 10, 2012, 10:59 AM
phantom power (23,587 posts)
SEC drops probe into Goldman Sachs' role in MBS deal
(Reuters) - The U.S. Securities and Exchange Commission has dropped an investigation into Goldman Sachs Group Inc's role in selling $1.3 billion worth of subprime mortgage securities, the investment bank said in a regulatory filing on Thursday.
In February, Goldman received a so-called Wells notice from SEC staff related to disclosures in the deal's offering documents. Such notices typically indicate the agency plans to take some kind of enforcement action, and gives firms a chance to respond.
On Monday, the SEC notified Goldman that the investigation had been closed and that it did not intend to recommend any enforcement action against the bank related to the offering, Goldman said in its quarterly 10-Q filing with the SEC.
7 replies, 671 views
SEC drops probe into Goldman Sachs' role in MBS deal (Original post)
|phantom power||Aug 2012||OP|
|woo me with science||Aug 2012||#2|
|woo me with science||Aug 2012||#3|
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Response to phantom power (Original post)
Fri Aug 10, 2012, 11:50 AM
woo me with science (25,140 posts)
2. IS ANYBODY THE LEAST BIT FUCKING SURPRISED?
Is the real problem clear now, America? Is the scenery falling down yet?
Have we had enough?
Response to moondust (Reply #6)
Fri Aug 10, 2012, 10:36 PM
upi402 (16,823 posts)
7. $ > our votes
Actually, the corporate media will distract us with some tempest in a teapot and we'll forget about the betrayal of democracy committed by both parties.