DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe | |
Anonymous Coward User ID: 20606856 United States 08/10/2012 06:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21658766 United States 08/10/2012 06:31 AM Report Abusive Post Report Copyright Violation | Aug 9, 2012 8:38pm Quoting: Treyfish The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011. The investigative report by the Senate’s Permanent Subcommittee on Investigations, chaired by Levin, found that Goldman Sachs “used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm’s clients and at times led to the bank’s profiting from the same products that caused substantial losses for its clients.” A statement from the Justice Department issued late on Thursday evening noted, “Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.” “The department and its investigative partners conducted an exhaustive review of the report and its exhibits, independently gathered and scrutinized a large volume of other documents, and tenaciously pursued potential evidentiary leads, including conducting numerous witness interviews,” the Justice Department’s statement continued. “While the department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not... [link to abcnews.go.com] why would they? did you actually think they would? the fox is watching the henhouse. |
Anonymous Coward User ID: 21660997 United States 08/10/2012 07:08 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 21640227 United States 08/10/2012 07:15 AM Report Abusive Post Report Copyright Violation | Pretty obvious it's a us versus them mentality. Everywhere you look they get a pass and the peeps get hammerd. Quoting: Anonymous Coward 19790295 BINGO. These 'bankers', managers, accountants, lawyers, are simply psychopaths and/or operating inside a system that expects and rewards psychopathic behavior. MOST people are basically honest and follow the rules [so to speak] these people don't, flaunt it, and get away with it. And some people wonder why antisocial, nasty, even violent behavior and attitudes are becoming the norm. The rest of society is starting to emulate those at the top. It's one thing when those with power, wealth, and influence are corrupt and operate in a corrupt system, when a whole society starts acting the same way, then it's game over. |
Anonymous Coward User ID: 21634937 United States 08/10/2012 07:59 AM Report Abusive Post Report Copyright Violation | “Based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.” Huh? Can't they just make something up like they normally do? I mean if it was me or you they could and would come up with some charge out of thin air... right? Goldman Sucks, Shitty Bank, Unwells Fargo, Skank of America - They all suck donkey dick and are all part of the greater bad for all of us. Loose these fools and put your trust and money into one of your local credit unions. Keep it in the family and your local community. I am Cornhollio - I need some for my bunghole |
Anonymous Coward User ID: 10279549 United Kingdom 08/10/2012 08:12 AM Report Abusive Post Report Copyright Violation | Gold man Sucks needs to be prosecuted. If they are not prosecuted who would invest with them ? They will do the same again. They need to forfeit their personal wealth too and their hidden bosses wealth. Still ,everyone is judged and they will find it hot in hell.Greed is a deadly sin . |
Anonymous Coward User ID: 21735495 United States 08/11/2012 01:51 PM Report Abusive Post Report Copyright Violation | So much for the mantra of a government for the people and by the people. We have a fascist system. Next Up, Wall Street Puppet Romney, also bought and paid for by the Big Wall Street Banks. |
Anonymous Coward User ID: 21735495 United States 08/11/2012 01:52 PM Report Abusive Post Report Copyright Violation | |