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FBN’s Rich Edson with news that the Department of Justice has decided not to bring criminal charges against Goldman Sachs.
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Parts of -- -- at least.
I think it is from Goldman Sachs Justice Department announcing it will not bring financial fraud charges against it straight to rich -- his live remarks in the latest rates.
That's right no criminal charges that the results of a Department of Justice investigation in its release.
The department says based on the law and evidence is they existed this time.
There is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs -- its employees.
In regard to the allegations set forth in the report that report -- 635.
Page release.
From senators Carl Levin and Tom Coburn -- alleging Goldman.
Designed investments marketed them to clients bet against them and when they failed their clients lost money while Goldman profited.
The reaction from Goldman Sachs on all this spokesperson says the firm is pleased that this matter.
Is behind them as for Wall Street watchdogs they called justice's decision and abdication.
Of responsibility.
Gonna have law breaking up the law breaking if you don't actually apply the -- -- these people.
Because it if you don't apply the law to both rewards criminal conduct -- -- incentivized to sit.
And that's what we're seeing.
Two years ago Goldman settled civil charges with the SEC for more than 500 million dollars over the sale and marketing.
Of residential mortgage backed securities -- firm denied any wrongdoing in that Department of Justice says it could still bring charges.
If officials discover new evidence.
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