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Read it and weep: we are wholly owned. Don't buy the book; I found it at the corner library, and you probably can, too.
...No doubt they are pleased. Clearly the fix is in. Prosecution of financial misdeeds is for lesser mortals, not for the MOTU. And Golden Sacks clearly qualifies for the royal treatment.
In a rare 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 investigate several mortgage deals at the bank. ...
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. ...
Separately, Goldman Sachs announced early Thursday that the Securities and Exchange Commission had ended an investigation into a $1.3 billion subprime mortgage deal, taking no action. ...
“We are pleased that this matter is behind us,” a bank spokesman said Thursday.
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Tong Thung (Golden Sacks) |