August 14, 2012
Henning on the Goldman Sachs Investigations
Last week the DOJ closed a criminal investigation of Goldman Sachs and its CEO Lloyd Blankfein, and the firm announced that the SEC decided not to pursue a civil fraud case related to subprime mortgage debt.Peter Henning (Wayne State) has a good analysis of this situation and expresses the view that:
When the story of the financial crisis is finally written, this may turn out to be the denouement of the government’s investigations of Wall Street for potential wrongdoing that contributed to the financial crisis in 2008.
New York Times Dealbook, Is That It for Financial Crisis Cases?
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