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.
Showing posts with label Financial Crisis Inquiry Commission. Show all posts
Showing posts with label Financial Crisis Inquiry Commission. Show all posts
Monday, June 7, 2010
Goldman joins FCIC's dirty dozen
http://wallstreet.blogs.fortune.cnn.com/2010/06/07/goldman-joins-fcics-dirty-dozen/?source=yahoo_quote
First Warren now Goldman.
Why the non-compliance?
Just exactly what is it that they have to hide?
Or is it the simple fact that they think they are to important to have to be questioned for their actions?
The firm is the proud recipient of one of just 12 subpoenas issued by the Financial Crisis Inquiry Commission since its creation last year
The FCIC, the congressionally-appointed body charged with assembling an authoritative explanation for the financial meltdown by year-end, said Monday that it subpoenaed Goldman Sachs (GS) "for failing to comply with a request for documents and interviews in a timely manner."
First Warren now Goldman.
Why the non-compliance?
Just exactly what is it that they have to hide?
Or is it the simple fact that they think they are to important to have to be questioned for their actions?
The firm is the proud recipient of one of just 12 subpoenas issued by the Financial Crisis Inquiry Commission since its creation last year
The FCIC, the congressionally-appointed body charged with assembling an authoritative explanation for the financial meltdown by year-end, said Monday that it subpoenaed Goldman Sachs (GS) "for failing to comply with a request for documents and interviews in a timely manner."
Tuesday, April 6, 2010
US panel to delve deeper into causes of financial meltdown
http://www.independent.co.uk/news/business/news/us-panel-to-delve-deeper-into-causes-of-financial-meltdown-1937545.html
So actually we're wasting the money on the commission findings because they don't count anyway? Is that because Congress now finally fully understands the depth of this financial crisis and how it got to be that way and that's why they don't need to reference this report to make their decisions?
The men often painted as the biggest villains of the credit crisis will be hauled before a panel investigating the causes of the financial meltdown this week.
But as Alan Greenspan, the former chairman of the Federal Reserve, and Robert Rubin and Chuck Prince from the bailed-out bank Citigroup prepare to face questions, doubts are setting in that the inquiry commission will achieve more than sporadic moments of political theatre.
Even its leaders have taken to complaining that the commission is underfunded and overstretched for the task of rooting out all the causes of the crisis. And it now appears that Congress could pass a package of financial reforms by the summer, months before the commission puts out its report and recommendations for avoiding a repeat of the meltdown.
The second hearings of the Financial Crisis Inquiry Commission (FCIC) begin tomorrow with testimony from Mr Greenspan
So actually we're wasting the money on the commission findings because they don't count anyway? Is that because Congress now finally fully understands the depth of this financial crisis and how it got to be that way and that's why they don't need to reference this report to make their decisions?
The men often painted as the biggest villains of the credit crisis will be hauled before a panel investigating the causes of the financial meltdown this week.
But as Alan Greenspan, the former chairman of the Federal Reserve, and Robert Rubin and Chuck Prince from the bailed-out bank Citigroup prepare to face questions, doubts are setting in that the inquiry commission will achieve more than sporadic moments of political theatre.
Even its leaders have taken to complaining that the commission is underfunded and overstretched for the task of rooting out all the causes of the crisis. And it now appears that Congress could pass a package of financial reforms by the summer, months before the commission puts out its report and recommendations for avoiding a repeat of the meltdown.
The second hearings of the Financial Crisis Inquiry Commission (FCIC) begin tomorrow with testimony from Mr Greenspan
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