Obama Looking for Money?

Discussion in 'Politics' started by OldRegular, Aug 10, 2012.

  1. OldRegular

    OldRegular
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    Justice Department won't prosecute Goldman Sachs for financial crisis
    Published August 10, 2012

    The Justice Department said Thursday it won't prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.
    In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

    "The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time," the department said.

    But the department added that if additional or new evidence were to emerge, it could reach a different conclusion about prosecuting Goldman if warranted.

    A Senate subcommittee chaired by Sen. Carl Levin, D-Mich., in April 2011 found that Goldman marketed four sets of complex mortgage securities to banks and other investors but that the firm failed to tell clients that the securities were very risky. The Senate panel said Goldman secretly bet against the investors' positions and deceived the investors about its own positions to shift risk from its balance sheet to theirs.


    Read more: http://www.foxnews.com/politics/201...man-sachs-for-financial-crisis/#ixzz23AEToZkY
     
  2. Magnetic Poles

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    What in the world does the thread title have to do with the OP? Huge leap there, dude.
     
  3. OldRegular

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    Only if you live in NC sport! I really shouldn't have to connect this; I bet even CTB understands. The big money is Wall Street, Goldman Sachs. Obama got it 4 years ago, Romney is getting it now. Simple, call off the dogs!
     
  4. OldRegular

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