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Reply #6: Prosecutors 'ask Goldman Sachs to explain behaviour' [View All]

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dipsydoodle

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Fri Jun-03-11 04:15 AM
Response to Original message

6. Prosecutors 'ask Goldman Sachs to explain behaviour'

New York prosecutors have asked Goldman Sachs to explain its behaviour in the run-up to the financial crisis, according to several news agencies.

They quote sources saying that the investment bank received a subpoena from the Manhattan district attorney.

Goldman is also being investigated by the Securities and Exchange Commission (SEC) and the Justice Department.

An April Senate report said Goldman had encouraged investors to buy mortgage-based products it knew would fail.

http://www.bbc.co.uk/news/business-13637004

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