Qtec
04-14-2011, 06:51 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style='font-size: 17pt'>Goldman Sachs Chief Blankfein Could Face Criminal Prosecution For Role In Financial Crisis</span>
ASHINGTON -- Goldman Sachs executives <u>deceived clients</u> in order to profit off the brewing financial crisis and <u>then misled Congress </u>when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street's role in the meltdown.
Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin's proposal.</div></div>
I say they are innocent... (http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html)
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Last year, the Securities and Exchange Commission settled a lawsuit it had brought against Goldman.
But the firm was just one target of a sweeping, 639-page report by the Senate panel into the causes of the crisis. <u>Hardly a fluke occurrence,</u> <span style='font-size: 14pt'>the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms' chronic abuse of the most fundamental rules of the game, the report concludes.</span>
<span style='font-size: 17pt'>The investigation found a <u>"financial snake pit rife with greed, conflicts of interest, and wrongdoing,</u>" Levin said.</span></div></div>
Surely not!
Q..........[LWW blames Obama...LOL ]
ASHINGTON -- Goldman Sachs executives <u>deceived clients</u> in order to profit off the brewing financial crisis and <u>then misled Congress </u>when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street's role in the meltdown.
Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin's proposal.</div></div>
I say they are innocent... (http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html)
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Last year, the Securities and Exchange Commission settled a lawsuit it had brought against Goldman.
But the firm was just one target of a sweeping, 639-page report by the Senate panel into the causes of the crisis. <u>Hardly a fluke occurrence,</u> <span style='font-size: 14pt'>the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms' chronic abuse of the most fundamental rules of the game, the report concludes.</span>
<span style='font-size: 17pt'>The investigation found a <u>"financial snake pit rife with greed, conflicts of interest, and wrongdoing,</u>" Levin said.</span></div></div>
Surely not!
Q..........[LWW blames Obama...LOL ]