S.E.C. and Justice Dept. End Mortgage Investigations Into Goldman - NYTimes.com

Subprime CDO swaps criminal investigation ends.  Some things are outrageous and socially irresponsible but legal.  - GWC
S.E.C. and Justice Dept. End Mortgage Investigations Into Goldman - NYTimes.com:
by Ben Protess and Azam Ahmed

"Federal authorities ended two investigations into the actions of Goldman Sachs during the financial crisis, handing a quiet victory to the bank after years of public scrutiny.
In a statement late Thursday, the Justice Department said there was “not a viable basis to bring a criminal prosecution” against Goldman or its employees after a Congressional committee asked prosecutors to examine if the bank had been involved with any illegal acts related to several mortgage deals."

'via Blog this'