TV News LIES

Saturday, Sep 23rd

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...


Congress should protect evidence gathered by Mueller in Russia probe, experts warn

Bob Graham, D-FlWith the continuing possibility that President Trump could fire special counsel Robert Mueller to thwart the...

Senators Try To Rein In Saudi Arabia’s Brutal U.S.-Backed Campaign In Yemen

Senate wants to rein in Saudi war in Yemen An influential bipartisan duo of lawmakers is using this week’s consideration of a must-pass defense spending...

AARP: GOP repeal could raise seniors' healthcare cost by $16K a year

GOP bill could cost seniors A new study Thursday by the American Association of Retired Persons found that the Republicans'...

WH: Trump 'looks forward' to signing resolution condemning white supremacists

White supremacists denounced in Congressional billThe White House announced Wednesday that President Donald Trump will "absolutely" sign a resolution condemning the...
 
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!