http://finance.yahoo.com/news/Fed-to...70230.html?x=0
What a joke. The FED rather than the FBI is going to "look into" what Sachs and the others have pulled.
Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into Goldman Sachs and other Wall Street firms' use of a sophisticated investment instrument to make bets that Greece will default on its debt.
Bernanke said the Fed is looking into companies' use of credit default swaps, a form of insurance against bond defaults. Bernanke made the comments at the start of a Senate Banking Committee hearing, where the Fed chief delivered his twice-a-year economic report to Congress.
"Obviously, using these instruments in a way that intentionally destabilizes a company or a country is counterproductive, " Bernanke said, adding that the Securities and Exchange Commission probably will be looking into this matter as well.
