Goldman Sachs management expects to be served subpoenas soon from U.S. prosecutors looking for more data concerning the firm’s mortgage unit, the WSJ reports, citing people familiar with the matter.And so it begins. The prosecutors will find someone to lean on, hard, and flip them. It should be pretty easy to do because, given that the prosecutors have this example to spread around to show the perils of trying to gut it out in court.
But I'll wait to break out the confetti until I see some of those big banksters being perp-walked on their way to a Federal rest home.
The folks at Goldmine Sachs know what they did and with any other AG would be facing a tsunami of subpoenas. Sadly, AH Holder is too busy chasing medical marijuana users to waste time on GS. I hope somebody is keeping the orange jumpsuits cleaned and pressed in case an accident happens.
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