European Commission, German Financial Regulator Follow Closely the Goldman Sachs Investigation

EUobserver reports that both the European Commission and the German financial regulator BaFin are following closely the investigation of the US investment bank Goldman Sachs (see the detailed legal analysis by Bill Singer).

UK’s Prime Minister Gordon Brown has also demanded investigation of the possible fraudulent activities of Goldman Sachs.

It is worth reminding that Goldman Sachs was also involved in providing help to the Greek government in order to hide an additional 1 billion US dollars in debt by currency swaps.

One response to “European Commission, German Financial Regulator Follow Closely the Goldman Sachs Investigation

  1. SEC fine = 2 wks of profit at Goldman. Slap on the wrist?

    See: http://euandus3.wordpress.com/2010/07/19/990/

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