TV News LIES

Saturday, Apr 18th

Last update04:13:44 AM GMT

You are here News Congress Goldman Sachs misled Congress after duping clients, Senate panel chairman says

Goldman Sachs misled Congress after duping clients, Senate panel chairman says

E-mail Print PDF

Goldmann SachsGoldman Sachs misled clients and Congress about the firm’s bets on securities tied to the housing market, the chairman of the U.S. Senate panel that investigated the causes of the financial crisis said.

Senator Carl Levin, releasing the findings of a two-year inquiry yesterday, said he wants the Justice Department and the Securities and Exchange Commission to examine whether Goldman Sachs violated the law by misleading clients who bought the complex securities known as collateralized debt obligations without knowing the firm would benefit if they fell in value.

The Michigan Democrat also said federal prosecutors should review whether to bring perjury charges against Goldman Sachs Chief Executive Officer Lloyd Blankfein and other current and former employees who testified in Congress last year. Levin said they denied under oath that Goldman Sachs took a financial position against the mortgage market solely for its own profit, statements the senator said were untrue.

“In my judgment, Goldman clearly misled their clients and they misled the Congress,” Levin said at a press briefing yesterday where he and Senator Tom Coburn, an Oklahoma Republican, discussed the 640-page report from the Permanent Subcommittee on Investigations.

More + Video....


Most Recent Related Stories...


U.S. senators agree on path to fast-track trade bill

ast track okayedU.S. senators said on Thursday they could present a bipartisan bill to move trade deals quickly...

Iran Deal Reached In Senate; Read The Details

Iran bill passes SenateA tentative deal has been reached by senators on a bill to apply congressional oversight to...

Congress approves formula fixing Medicare doctors pay

medicare bill passesCongress on Tuesday approved a bill to repair the formula for reimbursing Medicare physicians, marking a...

Senate Republicans Propose Stripped-Down Equal Pay Bill

equal pay billRepublicans in Congress have taken a lot of heat over the past few years for repeatedly...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!