Goldman should be worried about subpoenas

Posted on20 May 2011. Tags: 650, agreement, attorney general, Carl Levin, cdo’s, CFPB, Daniel Sparks, doj, Draft Uniform Servicing Standars, eliot spitzer, Eric T. Schneiderman, Financial Crisis, foreclosure fraud, fraud, goldman sachs, investigation, investors, John Walsh, Joseph R. Mason, Josh Rosner, Lloyd Blankfein, Long Beach, mbs, Megan McArdle, MERS, mortgage backed securities, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., OCC, Office Of The Comptroller Of The Currency, page, pg, report, securities fraud, securitization, senate, servicers, shitty deal, subpoena, The Atlantic, timberwolf, Timberwolf I, Tom Coburn, Tom Montague, wall street, wamu

“I think we found a white elephant, flying pig and unicorn”

REUTERS-

Goldman Sachs Group Inc (GS.N) executives have good reason to be worried about the risk of receiving subpoenas from the Justice Department, and investors should be concerned too.

The U.S. government has a real chance of finding inconsistencies between Goldman executives’ testimony to Congress and their internal documents, which means subpoenas could turn into something more serious, lawyers said.