Goldman Sachs: The Pied Piper Leading the Rats to Where?
Pulled this from Marketwatch – seems indeed the other shoe has dropped so when will the markets notice? The day the investigation into the more than obvious manipulative, cheating practices of Goldman Sachs was announced, the question on everyone’s mind was whether such investigation would also start into the other banks as the whole damn sector is guilty of the raping and pillaging of America. The other shoe has dropped folks. Now we’ll see if this is pursued as pansy window-dressing or with the conviction and severity necessary to reign in this cartel of white collar crooks.
Several more banks, including Citigroup (C), J.P. Morgan Chase (JPM), Deutsche Bank (D and UBS (UBS) are the focus of early-stage criminal probes into their mortgage businesses and trading practices, The Wall Street Journal reported. Separately the New York Times reported that New York Attorney General Andrew Cuomo has also started an investigation into whether the banks, along with others including Goldman Sachs (GS) and Bank of America’s (BAC) Merrill Lynch unit, misled rating agencies.
Read the original story at Mario Cavolo
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