Probe Into Goldman Widens

[alp227]

Source: The Wall Street Journal

Prosecutors in New York are pressing ahead with their inquiry into the way Goldman Sachs Group Inc. marketed certain mortgage-linked instruments before the financial crisis, issuing subpoenas to Morgan Stanley and other investors in the deals, people familiar with the matter said.

Some of the subpoenas were received in recent weeks, the people said. The Manhattan district attorney's office began its probe into Goldman following the release in April of a U.S. Senate subcommittee report into the causes of the crisis. Goldman was featured prominently in that report.

The district attorney's office previously had subpoenaed Goldman, requesting several months ago a series of documents and communications about the deals, which were put together in the mid- to late-2000s, one person familiar with the matter said at the time.

The prosecutor's requests to investors, including some hedge funds, concerned how Goldman sold the deals, a person familiar with the matter said.

Read more: http://online.wsj.com/article/SB10001424053111903648204576554931375155722.html

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[lonestarnot]

1. Wonder who will slap that down?

[russspeakeasy]

2. I hope it is a very, very wide and deep probe...

:evilgrin:

[99th_Monkey]

3. Thank goodness the NY DA is doing this. Holder's apparently too busy

raiding medical marijuana dispensaries and such.