TV News LIES

Sunday, Apr 30th

Last update05:20:13 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...


Freedom Caucus endorses Obamacare repeal compromise

Freedom CaucusThe House Freedom Caucus — the conservative group that sunk House Republicans’ Obamacare replacement last month...

Former U.S. officials to testify at May 8 Senate hearing on Russia probe

Former US officials to testify in Moscow probeTwo former U.S. officials, intelligence director James Clapper and deputy Attorney General Sally Yates, will testify...

Flynn may have broken law, say Oversight leaders

Flynn may have broken the lawFormer national security adviser Michael Flynn may have broken the law by taking money from Russia...

Congress returns to face daunting tasks: avoid a shutdown and an angry Trump

Congress returns to possible shut-downAfter two weeks away, the 535 members of Congress return to Washington this week facing a...
 
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!