Goldman Won’t Face Prosecution

The Justice Department has decided not to go after Goldman Sachs or its employees for the trades they made at the time of the financial crisis. The issue was made public when Senator Carl Levin alleged that Goldman misled its investors and the U.S. government and requested a criminal investigation looking into the subprime mortgages known as Abacus. The Justice Department released a statement Thursday stating they “have determined that, based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report.”