Goldman Sachs: a timeline of trouble
Goldman Sachs has apparently been served with a subpoena over its behaviour before and during the financial crisis. The move comes 14 months after it was rocked by fraud charges also relating to the credit crunch.
Goldman’s critics claim that the company unfairly profited from the sub-prime housing crash by selling toxic mortgage loans to unsuspecting clients and positioning itself to profit from a fall in prices. Goldman, though, has consistently denied acting improperly. Here’s a synopsis of events since those first charges were received.
Carl Levin, who heads the PSI, also argues that regulators could still take action against Goldman. In response, the bank says that it disagrees with many of the report’s conclusions.
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