Monday, June 7, 2010

Finance Panel Accuses Goldman of Stalling

http://online.wsj.com/article/SB10001424052748703303904575292530057313818.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

It would seem none of the big boys feels to comfortable playing the game of "Show and Tell"

A commission probing the financial crisis denounced Goldman Sachs Group Inc., saying the firm first dragged its feet over requests for information then dumped hundreds of millions of pages of documents on the panel.

Commission chairman Philip Angelides last week.
.The Financial Crisis Inquiry Commission issued a subpoena to Goldman, demanding that the firm provide a key for identifying customer names and a way of matching up specific documents to the commission's requests for information. The subpoena also demanded documents concerning Goldman's mortgage-backed derivative securities, which are central in current federal probes of the firm.