Goldman Sachs Fraud Charges Near?

Goldman Sachs is sitting on the edge of their seats as they expect at any day now the US will issue subpoenas in regard to the firm’s mortgage business doings.

The Wall Street Journal got the goods on the pending fears of Goldman Sachs and they expect the Justice Department to come rolling in the door at any minute.

Goldman Sachs has been taking a beating with their past doings regarding the mortgage crisis. With foreclosures at all time highs and banks competing with homeowners regarding sales, Goldman Sachs knew it was due for a comeuppance and now they’re peering over the battlements waiting for Uncle Sam’s next move.

The public has been waiting for this for some time. The knew that Gold man Sachs had something going on and they need the Justice Department to do the due diligence to find out just what did the big firm do during the past 10 years the mortgage debacle was brewing.

Ever since President Obama took office, the authorities have been working night and day to examine the financial institutions for wrongdoing and rightly so. America has never had as many financial scandals since the Great Depression over 80 years ago.

If Goldman Sachs has been involved in any wrongdoing it can be a devastating blow to the financial institutions in the US again.

Tags: Goldman Sachs

Category: Business News