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Goldman Sachs Subpoenaed by FCIC

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Celebration Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-07-10 11:13 AM
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Goldman Sachs Subpoenaed by FCIC
http://www.cnbc.com/id/37553237

The Financial Crisis Inquiry Commission has filed a subpoena seeking documents from Goldman Sachs after the investment bank did not provide documents and interviews in a timely manner, officials from the FCIC said Monday.

Chairman Phil Angelides and Vice Chairman Bill Thomas announced the subpoena in a press release Monday, but the press release did not mention specifically what the FCIC was looking for.

"In seeking documents and testimony from public agencies and companies, the Commission has made it clear that it is committed to using its subpoena power if there is a lack of, or delay in, compliance. Failure to comply with a Commission request is viewed with the utmost seriousness, as the Commission will not be deterred from getting desired information," the FCIC stated in a press release.
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