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Wall Street inquiry expands beyond Goldman Sachs

Posted By admin On May 14, 2010 @ 9:56 am In U.S. News | Comments Disabled

Nathaniel Popper
Los Angeles Times [1]
Friday, May 14, 2010

The investigation that has been focused on Wall Street titan Goldman Sachs Group Inc. is widening to include questionable business practices of several other major banks.

New York Atty. Gen. Andrew Cuomo subpoenaed eight banks and three ratings firms late Wednesday, seeking information on how the banks may have tried to influence the ratings of mortgage-backed securities that eventually lost value with the housing market collapse.

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Wall Street inquiry expands beyond Goldman Sachs 150410banner1 [2]

The banks on Thursday confirmed receiving the subpoenas and said they would cooperate.

The investigation by New York’s top prosecutor came as the Wall Street Journal reported that federal investigators were expanding the inquiry into potential criminal activities at a number of the biggest banks, including Goldman, Morgan Stanley, JP Morgan Chase & Co. and UBS.
Full story here. [1]

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URLs in this post:

[1] Los Angeles Times: http://www.latimes.com/business/fi-wallstreet-probes-20100514,0,2813510.story

[2] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[3] Goldman Sachs and Occupy Wall Street’s bank: the real story: http://www.prisonplanet.com/goldman-sachs-and-occupy-wall-streets-bank-the-real-story.html

[4] Wall Street Seeing Goldman in Rare Reversal With Morgan Stanley: http://www.prisonplanet.com/wall-street-seeing-goldman-in-rare-reversal-with-morgan-stanley.html

[5] Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson’s Bailout: http://www.prisonplanet.com/conflict-of-interest-report-says-goldman-sachs-%e2%80%98among-biggest-beneficiaries%e2%80%99-of-paulson%e2%80%99s-bailout.html

[6] Goldman Sachs hires law firm to shut blogger’s site: http://www.prisonplanet.com/goldman-sachs-hires-law-firm-to-shut-bloggers-site.html

[7] Wall St sinks on Goldman, chipmakers weigh: http://www.prisonplanet.com/wall-st-sinks-on-goldman-chipmakers-weigh.html

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