Posts Tagged ‘fraud’
Save America! US on slippery slope to economic collapse
September 16th, 2009Racketeering 101: Bailed Out Banks Threaten Systemic Collapse If Fed Discloses Information
August 28th, 2009And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the “Audit The Fed” measures are actually implemented. […]
Court Orders Fed to Disclose Emergency Bank Loans
August 26th, 2009The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit […]
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Subpoenas Issued to Goldman Sachs, JPMorgan, U.S. Senator Says
July 31st, 2009July 30 (Bloomberg) — A Senate panel seeking evidence of fraud tied to last year’s mortgage crisis has issued subpoenas to financial companies including Goldman Sachs Group Inc. and JPMorgan Chase & Co., said U.S. Senator Tom Coburn, a Republican from Oklahoma.
Coburn declined to say whether subpoenas were issued to other institutions. Frankfurt-based Deutsche Bank AG, Germany’s biggest bank by assets, also was sent a subpoena, according to a person with knowledge of the inquiry, who declined to be identified because the request isn’t public.
Coburn declined to discuss what kinds of information was requested by the Permanent Subcommittee on Investigations. Coburn, the highest ranking Republican on the subcommittee, said he approved issuing the subpoenas with Subcommittee Chairman Carl Levin, a Michigan Democrat.
The subpoenas don’t mean the financial institutions violated the law, Coburn said. “There is no indication that JPMorgan or Goldman Sachs did anything wrong,” he said. [ … ]
» Read more: Subpoenas Issued to Goldman Sachs, JPMorgan, U.S. Senator Says
