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JANE BURGERMEISTER REPORT: JANE BURGERMEISTER REPORT:’Senate chairman says Goldman Sachs ‘misled’ clients and Congress’

Senate chairman says Goldman Sachs ‘misled’ clients and Congress

Jane Burgermeister | April 14, 2011 at 4:24 pm | Categories: Uncategorized | URL: http://wp.me/puNtl-1bz

Senate chairman says Goldman Sachs ‘misled’ clients and Congress

Apr 14, 2011

By Charles Dharapak, AP

The chairman of a bipartisan Senate panel investigating the financial crisis says Goldman Sachs “misled” their clients and the Congress and called the tactics used by the Wall Street firm in its handling of subprime mortgages “disgraceful.”

The panel concluded after a two-year probe that Goldman Sachs Group Inc. profited from the crisis by betting billions against the subprime market, then deceived investors and Congress about its conduct.

Sen. Carl Levin, D-Mich., says some of the findings in the 639-page report by the Senate’s Permanent Subcommittee on Investigations will be referred to the Justice Department and the SEC for possible criminal or civil action.

Read more at: http://content.usatoday.com/communities/ondeadline/post/2011/04/senate-chairman-says-goldman-sachs-misled-clients-and-congress/1

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April 15, 2011 - Posted by | Fighting corruption internationally, Internationally significant information, Jane Burgermeister Report

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