Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

NY Prosecutors Subpoena Goldman Sachs (Global Financial Crisis Role)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 09:43 AM
Original message
NY Prosecutors Subpoena Goldman Sachs (Global Financial Crisis Role)
Source: Reuters

NY prosecutors subpoena Goldman Sachs
NEW YORK | Thu Jun 2, 2011 10:34am EDT

NEW YORK (Reuters) - Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.

The subpoena from the Manhattan District Attorney's office is based on information contained in a Senate subcommittee investigation into Wall Street's role in the housing market collapse.

The Manhattan District Attorney's office was not immediately available to comment.

"We don't comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully," Goldman said in a statement.

Read more: http://mobile.reuters.com/article/idUSTRE7513HY20110602...
Printer Friendly | Permalink |  | Top
TrogL Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 09:45 AM
Response to Original message
1. Years too late to be of much help
Printer Friendly | Permalink |  | Top
 
Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 10:55 AM
Response to Reply #1
2. Thanks for your encouragement...
Printer Friendly | Permalink |  | Top
 
aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 11:16 AM
Response to Reply #1
3. Unless punitive revenge is the goal.
And, in my case, it most certainly is.
Printer Friendly | Permalink |  | Top
 
TacticalPeek Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 11:27 AM
Response to Reply #3
4. And now abideth revenge, retribution and pay-back,

but the greatest of these is retribution.


Verily I say.

:hippie:

Printer Friendly | Permalink |  | Top
 
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-02-11 11:38 AM
Response to Reply #1
5. The Wheels of Justice Grind Slowly
but at least they've gotten off the dead stop...
Printer Friendly | Permalink |  | Top
 
dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore 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
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Sep 23rd 2014, 06:26 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC