Goldman Sachs Chief Blankfein Could Face Criminal Prosecution For Role In Financial Crisis

MAYBE BLANKFEIN CAN DO GOD'S WORK IN PRISON



Goldman Sachs Chief Blankfein Could Face Criminal Prosecution For Role In Financial Crisis:

"WASHINGTON -- Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street's role in the meltdown.

Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin's proposal.

A Goldman spokesman said its executives were truthful in their testimony, adding that the firm disagreed with many of the panel's conclusions."

The investigation found a "financial snake pit rife with greed, conflicts of interest, and wrongdoing," Levin said.