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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (62864)	4/18/2010 11:38:08 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 219370

TJ finally we both fully agree on something

To: TobagoJack who wrote (62864)	4/18/2010 12:07:14 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 219370

TJ, may our wishes come true - Prime Minister Gordon Brown today called for the Financial Services Authority to start an investigation, saying he was “shocked” at the “moral bankruptcy” indicated in the suit. Germany’s financial regulator, Bafin, asked the SEC for details on the suit, a spokesman for Chancellor Angela Merkel said. Politicians that were forced to bail out their banks during the financial crisis are turning on Goldman, which critics say helped caused the turmoil and profited from it. The European Union is also probing Goldman’s role in arranging swaps for Greece that may have masked the country’s budget deficit. “We will see politicians throughout the world piling on Goldman Sachs,” said Scott Moeller, a former investment banker now teaching at Cass Business School in London. “Now they have vulnerability. Everyone and anyone, especially politicians, are going to be trying to make hay with this one.” .................................................... The German government “will ask the SEC for information,” said Ulrich Wilhelm, a spokesman for Merkel. “Then we will look at the records and consider possible legal steps.” ........................................................ The probe will be “profound and thorough,” EU Monetary Affairs Commissioner Olli Rehn said at a press conference in Madrid yesterday. bloomberg.com