Goldman Sachs has disclosed that it was cleared of wrongdoing after an investigation into a $1.3 billion subprime mortgage deal, a surprising victory for the bank.
The Securities and Exchange Commission’s decision to forgo action is an about-face for the federal regulator. In February, the SEC notified Goldman that it planned to pursue a civil enforcement action over the deal, a package of subprime mortgages in Fremont, Calif., that the bank sold to investors in 2006.
Comments
Just cause you cannot prove it does not mean they did not do it.
The dog ate my mortgages! That's my story and I'm sticking to it.
I wish I had Goldman's friends.
...so no one caused the securities collapse?