Goldman Sachs Subpoenaed

[pepper112765]

www.usatoday.com/money/companies/regulation/2011-06-02-goldman-sachs-subpoena_n.htm

Well, well, well, let's see how this pans out.

[cme1201]

Good. It's about time we get some criminal prosecutions!

[AgeOfEnlightenmentSCP]

subpoenaed by who? People that used to work there?

[cme1201]

Jun 8, 2011 16:41:04 GMT -5 AgeOfEnlightenmentSCP said:

subpoenaed by who? People that used to work there?

Great point Paul

[ChiTownVenture]

Jun 8, 2011 16:42:21 GMT -5 cme1201 said:

Jun 8, 2011 16:41:04 GMT -5 AgeOfEnlightenmentSCP said:

subpoenaed by who? People that used to work there?

Great point Paul

Did the "Manhattan District Attorney's office" work at Goldman Sachs?

[ChiTownVenture]

NEW YORK (AP) — Goldman Sachs Group (GS) was subpoenaed by the Manhattan District Attorney's office over the investment bank's activities leading up to the financial crisis, a person familiar with the matter said Thursday.

A spokeswoman for Manhattan District Attorney Cyrus Vance Jr. said the office had no update regarding Goldman. Goldman spokesman David Wells said the company doesn't comment on specific regulatory or legal issues, but cooperates when it receives a subpoena. A subpoena is a request for information and doesn't mean that a company has done anything wrong.

Shares of Goldman initially fell nearly 2% Thursday after Bloomberg News reported that the bank had been subpoenaed. By midday, the stock was down about 1% to $134.47 a share, its lowest level since last July.

"This is just another thorn in Goldman's side," says Peter Henning, a professor of law at Wayne State University in Detroit, referring to the attention Goldman has gotten from government and the media since the financial crisis began three years ago. The government's request for information from Goldman is the first stage of an investigation, Henning says.

from the link

[workpublic]

District Attorney Cyrus Vance Jr. subpoenaed Goldman Sachs,

won't go anywhere.

[EVT1]

The usual will happen- pay a fine and keep doing it. Goldman runs the government.

[Savoir Faire-Demogague in NJ]

I still do not know what Goldman Sachs did.

[Savoir Faire-Demogague in NJ]

Read some different books and watch some different news channels maybe.


Since I am more intelligent than you, I listen to the PBS Nightly Business Report, and the Lehrer News Hour. I also tune in to Ric Edelman.
GS did nothing illegal or immoral. Those who are misinformed and mislead believe this.

[Savoir Faire-Demogague in NJ]

"Since you are more intelligent than me," isn't that high a bar to be jumping.


Not really. You are the most uninformed poster on these forums. I am much better educated than you, and have a more impressive career history.
I have worked in the financial sector for nearly 20 years.
Goldman is required to act in its own interests by regulations. This is well documented.

[Savoir Faire-Demogague in NJ]

I believe you are misleaded about what news shows make you well informed.


The two PBS programs are the most respected news programs on TV. Edelman is the number one rated financial adviser, and is very knowledgeable on the financial markets and regulations that affect them.

[Savoir Faire-Demogague in NJ]

I realize that. I was making fun of the fact that you misspelled 'misled'.


Ball buster... I thought I saw it spelled that way recently...

[pepper112765]

Jun 8, 2011 20:00:00 GMT -5 Savoir Faire-Demogague in NJ said:

I still do not know what Goldman Sachs did.

They are being subpoenaed, as I understand it, based on the Senate Investigations Subcommittee Report on the Financial Crisis. This 639 page report with over 5000 pages of exhibits to the footnotes can be found here:

hsgac.senate.gov/public/index.cfm?FuseAction=Press.MajorityNews&ContentRecord_id=51bf2c79-5056-8059-76a0-6674916e133d

At the bottom of the press release are links to the report and exhibits to the footnotes within the report.

Also, if you email Tara Andringa of Levin's office at [e-mail], she will mail a copy of the report to you. Not sure if there is a cost associated with the mailing.