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Goldman Sachs (GS -1.8%) has received a subpoena from the Manhattan District Attorney’s...

Goldman Sachs (GS -1.8%) has received a subpoena from the Manhattan District Attorney’s office seeking information on the firm’s activities leading into the credit crisis, Bloomberg reports. The request relates to the Levin Subcommittee on Investigations report which accused Goldman of misleading buyers of mortgage-linked investments.
Comments (5)
  • This is headline risks for all bank stocks.
    2 Jun 2011, 10:11 AM Reply Like
  • Took a while, my guess is they got something already and just want supporting evidence...
    2 Jun 2011, 10:31 AM Reply Like
  • This may be last drop in GS stock. $125 is a good price to buy it.
    2 Jun 2011, 11:10 AM Reply Like
  • Cyrus Vance Jr. wishes to learn the secrets of how to do "God's work."
    2 Jun 2011, 11:19 AM Reply Like
  • I think they already got a settlement that removes liability of some actions. Only a fool would conclude that they are not above the law.

     

    My guess is some harsh sounding punishment will be pronounced before the election. Then it will be set aside after the election.

     

    I can see it all now. Our criminal congress sends an emissary to ask Lloyd if it would be ok to hold a liability for up to a year. "By the way Lloyd this wont affect our campaign donations will it?" "OK so we will slip though a program to give you 50 Billion after the election... The idiots will never figure it out and by the way who should the next treasury secretary be... you would be a great candidate "
    2 Jun 2011, 09:47 PM Reply Like
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