Goldman Gets Subpoena For It’s Part In Credit Crisis

Goldman Sachs Group Inc., the fifth- biggest U.S. bank, was subpoenaed by the Manhattan District Attorney’s office last week for information on the firm’s activities leading to the credit crisis.

The subpoena relates to the U.S. Senate’s Permanent Subcommittee on Investigations report on Wall Street’s role in the collapse of the financial markets. The document accuses New York- based Goldman Sachs of misleading buyers of mortgage-linked investments.

I don’t know about you, but this investigation is a long time in coming. Goldman Sachs and it’s revolving door policy with Capitial Hill is more than well known. – DSMW