DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and poor oversight from regulators, and highlighted abuses by Goldman Sachs and other large investment banks. Senator Levin sent a formal referral to the Justice Department for a criminal investigation in April 2011.
The investigative report by the Senate's Permanent Subcommittee on Investigations, chaired by Levin, found that Goldman Sachs "used net short positions to benefit from the downturn in the mortgage market, and designed, marketed, and sold CDOs in ways that created conflicts of interest with the firm's clients and at times led to the bank's profiting from the same products that caused substantial losses for its clients."
http://news.yahoo.com/doj-not-prosecute-goldman-sachs-financial-crisis-probe-003911643--abc-news-politics.html
I'm so surprised! 
= new reply since forum marked as read
.. when hugely damaging crimes are committed in broad daylight!!!!!
Just today, I also saw that DOJ -- instead of prosecuting BLACKWATER for their
blatantly illegal "arms smuggling and other crimes" --- is merely giving BW a
slap on the wrist in form of a "fine" (think pay-off, bribe, hush-money, et. al.)
a few million dollars. 
NONE of these CROOKs EVER seem to go to jail. Only poor and lower income
people ever go to jail. Madoff was a complete anomaly, like window dressing
that was like a sop, a mere token or fig leaf for the massive defrauding of the
American public.
