The Conservative Cave
Current Events => The DUmpster => Topic started by: EagleKeeper on August 09, 2012, 07:31:57 PM
-
http://www.democraticunderground.com/1014189152
maddezmom (129,771 posts)
Source: Reuters
(Reuters) - The U.S. Securities and Exchange Commission has dropped an investigation into Goldman Sachs Group Inc's role in selling $1.3 billion worth of subprime mortgage securities, the investment bank said in a regulatory filing on Thursday.
In February, Goldman received a so-called Wells notice from SEC staff related to disclosures in the deal's offering documents. Such notices typically indicate the agency plans to take some kind of enforcement action, and gives firms a chance to respond.
On Monday, the SEC notified Goldman that the investigation had been closed and that it did not intend to recommend any enforcement action against the bank related to the offering, Goldman said in its quarterly 10-Q filing with the SEC.
The investment bank also lifted its estimate of "reasonably possible" legal losses to $3.4 billion from a previous estimate of $2.7 billion three months earlier. The estimate does not include potential losses from legal matters that are at an early stage or that are too difficult to predict.
Read more: http://in.reuters.com/article/2012/08/09/us-goldman-10q-idUSBRE8780PP20120809
stockholmer (3,715 posts)
un****ingbelieveable
edited Thu Aug 9, 2012, 07:36 PM USA/ET - Edit history (1)
The People vs. Goldman Sachs
Matt Taibbi: A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges
Read more: http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511#ixzz235x7DNEn
The OP was stuck out there at Thu Aug 9, 2012, 07:01 PM
Its now 8:31 pm...
I'm a little dissapointed, I thought that this would take off like a bottle rocket.
I wonder why its being ignored.