One might certainly wonder what CDS activity. They can’t launch a criminal investigation anyway. The banks in question – once “too big to fail” – are also “too big to jail”.regulators want to achieve with their probe into the big global bank’s shady
About 90% of all the derivative transactions in the world are handled by these firms with each other as the counterparts.
Honestly? I’m deeply impressed!
Related by the Econotwist’s:
- Goldman Sachs Charged With Fraud – Here’s The SEC filing
- Civil And Criminal Probes Against JP Morgan For Silver Manipulation
- SEC To Take Action Against Moody’s
- Banks Face Multi-Hundred-Million Dollar Settlements
- The Truth, Some Truth And Something Like The Truth
- DnB NOR Except Penalties of NOK 26 million
- AIG: What Did FED Bail Out and Why?
- EU Wants Answers From Wall St. On Greek Debt
- The Bailout Package Under The Christmas Tree
- Italy Charge Foreign Banks With Fraud
- You Sue Me, I Sue You, Oh Peggy, Peggy Sue
- Goldman Sachs, JPMorgan Among Banks Probed by EU Over CDS (europebiz.wordpress.com)
- Senate Panel Slams Goldman Sachs (huffingtonpost.com)
- Goldman blasted for conflicts of interest (ac360.blogs.cnn.com)
- US financial crisis investigation – the proposals in full (guardian.co.uk)
- Levin Report Postscript: Wall Street and Its Regulators Basically the Same Post-Crisis (news.firedoglake.com)
- Senate Probe: Goldman Sachs Screwed Clients, Lied to Us (newser.com)