SEC drops probe into Goldman Sachs' role in MBS deal

[phantom power]

(Reuters) - The U.S. Securities and Exchange Commission has dropped an investigation into Goldman Sachs Group Inc's role in selling $1.3 billion worth of subprime mortgage securities, the investment bank said in a regulatory filing on Thursday.

In February, Goldman received a so-called Wells notice from SEC staff related to disclosures in the deal's offering documents. Such notices typically indicate the agency plans to take some kind of enforcement action, and gives firms a chance to respond.

On Monday, the SEC notified Goldman that the investigation had been closed and that it did not intend to recommend any enforcement action against the bank related to the offering, Goldman said in its quarterly 10-Q filing with the SEC.

http://in.reuters.com/article/2012/08/09/us-goldman-10q-idUSBRE8780PP20120809

[dixiegrrrrl]

1. I can't even say this is unbelievable

it is now par for the course...sigh.

[woo me with science]

2. IS ANYBODY THE LEAST BIT FUCKING SURPRISED?

Is the real problem clear now, America? Is the scenery falling down yet?

Have we had enough?

[woo me with science]

3. kick

[woo me with science]

4. kick

[nanabugg]

5. Same thugs run everything from the SEC to banks, to Goldman and others. Now own the gov't.

[moondust]

6. Might send the "wrong" message to Wall Street in an election year doncha know.

[upi402]

7. $ > our votes

Actually, the corporate media will distract us with some tempest in a teapot and we'll forget about the betrayal of democracy committed by both parties.