How Goldman Execs Screwed Their Clients and Lied to Congress
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On April 13, 2011, the Senate Subcommittee on Investigations, chaired by Democrat Carl Levin of Michigan, alongside Republican Tom Coburn of Oklahoma, released a 650-page bipartisan report titled Wall Street and the Financial Crisis: Anatomy of a Financial Collapse. As Taibbi notes, although Goldman wasn't target of the report per se, the document compiles "a mountain of evidence" against the firm – evidence of "gross, baldfaced fraud delivered up in such quantities as to almost serve as a kind of sarcastic challenge to the curiously impassive Justice Department."
Read the full story: The People vs. Goldman Sachs: A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges by Matt Taibbi