Federal authorities ended two investigations into the actions of Goldman Sachs during the financial crisis, handing a quiet victory to the bank after years of public scrutiny.
In a rare statement late Thursday, the Justice Department said there was “not a viable basis to bring a criminal prosecution” against Goldman or its employees after a Congressional committee asked prosecutors to investigate several mortgage deals at the bank. Federal prosecutors are typically loath to acknowledge the closing of a case, doing so publicly in only a handful of instances over the last several years. But in a statement on Thursday, the Justice Department said it “ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time.” The agency said it would pursue the case again if new evidence emerged.
You mean they found no wrong doing...My shock I tell you..Shocked.
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