Goldman Sachs execs: Going to jail, after all?
Fri Apr 15, 1:14 pm ETNew York – Sen. Carl Levin says the bank misled its clients and Congress and that Goldman executives could still face charges.
Goldman Sachs manipulated financial markets, profited from the housing crisis, and misled its clients and Congress, according to a 635-page report released Wednesday by a Senate subcommittee. Sen. Carl Levin (D-Mich.), the chairman of the Senate Permanent Subcommittee on Investigations, says some of the findings of the panel's two-year investigation will be referred to the Justice Department for possible criminal or civil action. He calls the investment bank a "financial snake pit rife with greed, conflicts of interest, and wrongdoing."
