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Criminal Probe Looks Into Goldman Trading

Chappy

Chappy

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Excerpted from “Criminal Probe Looks Into Goldman Trading” By SUSAN PULLIAM And EVAN PEREZ, The Wall Street Journal, APRIL 29, 2010, 8:38 P.M. ET
[SIZE="+2"]F[/SIZE]ederal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people familiar with the probe say.

The investigation from the Manhattan U.S. Attorney's Office, which is at a preliminary stage, stemmed from a referral from the Securities and Exchange Commission, these people say. The SEC recently filed civil securities-fraud charges against the big Wall Street firm and a trader in its mortgage group. Goldman and the trader say they have done nothing wrong and are fighting the civil charges. …
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At last somebody might actually be held accountable for their activities relating to the economic collapse in the past couple of years. It's about time.
 
Chappy said:
At last somebody might actually be held accountable for their activities relating to the economic collapse in the past couple of years. It's about time.
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Not really. What is going to happen is that if they are found guilty, they will also bear the brunt of the anger even though they were not the only parties involved.
 
And people say we left human sacrifices to the Aztecs and Mayans.

Ironically, even more people say America got rid of its witchtrials when the Puritans faded out.
 
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