PDA

View Full Version : Of course they won't. Of course they won't.



*censored*
08-10-2012, 10:58 AM
The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011.

http://news.yahoo.com/doj-not-prosecute-goldman-sachs-financial-crisis-probe-003911643--abc-news-politics.html

angel0430
08-10-2012, 11:01 AM
Especially on elections year. They need money from companies like them. As always, it pays off to have money and be powerful. ANy other person would have been in jail by now.

AUTaxMan
08-10-2012, 12:01 PM
What crimes were alleged to have been committed? I know that a lot of people want to see someone go to jail over the financial crisis, but for what reason?

shrewsbury
08-10-2012, 12:07 PM
it was found that they did nothing wrong, so what is the issue?

Wickabee
08-10-2012, 12:20 PM
If America had any conscience these guys would be in jail...oops.

Kosmo kards
08-10-2012, 01:40 PM
We all know that when major corporations break the law nothing really happens, so I am not suprised. Both Obama and Romney have received quite a bit of money from Goldman's Sachs as well, hmmm... Most people are against big business and banks and the other is against big government and most people don't see that both of them are the evil ones.

tpeichel
08-10-2012, 02:23 PM
it was found that they did nothing wrong, so what is the issue?

The report concluded that even as securities firms flooded the market with securitized mortgages and advised clients to buy them, firms privately used words like "crap" and "flying pig" to describe the financial instruments

If they were used car salesmen they would have committed a crime, but in the financial world I guess it's okay to sell known crap.

shrewsbury
08-10-2012, 03:02 PM
wickabee, it is the exact opposite. unlike yourself, we don't need to place the blame on just anyone, just the ones who actually did something.

tpeichel
08-10-2012, 03:23 PM
There is plenty of bank fraud to choose from, but somehow most of leaders think that no laws were broken. Seems like there are lots of alternative on this list. <br />
...