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S.E.C. And Justice Dept. End Mortgage Investigations Into Goldman Sachs
Federal authorities ended two investigations into the actions of Goldman Sachsduring the financial crisis, handing a quiet victory to the bank after years of public scrutiny.
In a statement late Thursday, the Justice Department said there was “not a viable basis to bring a criminal prosecution” against Goldman or its employees after a Congressional committee asked prosecutors to examine if the bank had been involved with any illegal acts related to several mortgage deals.
The Senate’s Permanent Subcommittee on Investigations had examined troubled mortgage securities that Goldman sold to investors, who later sustained steep losses during the crisis. The subcommittee also suggested prosecutors investigate whether the chief executive of the bank, Lloyd Blankfein, had misled lawmakers during public testimony.
Read more here: http://dealbook.nytimes.com/2012/08/09/goldman-says-sec-has-ended-mortgage-investigation/?smid=tw-nytimes&seid=auto
no arrests…
then the doj is complicit in fraud!