Most Active Stories
- Saudi Airstrikes Raise Doubts Abroad, Spark Patriotic Fervor At Home
- "Spice" patients increasing, Test confirms marijuana brownies, Battle of Selma re-enactment
- Why Don't Ants Need A Leader?
- Lear denies allegations, The Great Invisible and new Little Lagoon Bridge
- Bentley on state budget, Alabama Nature Conservancy and new round of BP recovery funding
Fri August 10, 2012
Goldman Sachs Won't Be Prosecuted In Fraud Probe
Originally published on Fri August 10, 2012 5:28 am
RENEE MONTAGNE, HOST:
NPR's business news starts with a Justice decision.
(SOUNDBITE OF MUSIC)
MONTAGNE: The U.S. Justice Department announced late last night that it is not pursing criminal charges against Wall Street bank Goldman Sachs or its employees. A Senate panel investigating the financial crisis had charged that Goldman bet against the same risky mortgage bundle it was also selling to clients. The Justice Department said in a statement it could not meet the burden of proof to bring a criminal case. Transcript provided by NPR, Copyright NPR.