Thursday, June 2, 2011

The Squid Subpoenaed Again

Goldman Squid has been subpoenaed again this morning by the Manhattan DA's office.
  • GOLDMAN SACHS SAID TO GET SUBPOENA FROM MANHATTAN PROSECUTOR
  • VANCE SAID TO SUBPOENA GOLDMAN SACHS OVER LEVIN PANEL REPORT
The request relates to the U.S. Senate’s Permanent Subcommittee on Investigations report on Wall Street’s role in the housing market collapse, which accused New York-based Goldman Sachs of misleading buyers of mortgage-linked investments, the people said. That report was referred to the U.S. Department of Justice and the Securities and Exchange Commission, which are also investigating.
As Goldman IS the treasury for all intents and purposes, this is like your left hand subpoenaing your right hand over activities your wife is questioning.  Fat chance that hand is getting slapped.
Although we can always have our fantasy that one day Lloyd will get the opportunity to conduct "God's Work" in solitary.


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