Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGoldman Sachs probed in alleged rigging of Treasury market (Market Watch - March 21, 2016)
Goldman Sachs probed in alleged rigging of Treasury market
Published: Mar 21, 2016 11:32 a.m. ET
Investigators obtain chats and emails that appear to implicate Goldman in manipulating Treasury note prices
Washingtons probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms including Goldman Sachs, The Post has learned.
In addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.
Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman GS, -0.70% that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.
Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.
The identities of any traders in investigators cross-hairs couldnt be learned...
Read more:
http://www.marketwatch.com/story/goldman-sachs-probed-in-alleged-rigging-of-treasury-market-2016-03-21
Published: Mar 21, 2016 11:32 a.m. ET
Investigators obtain chats and emails that appear to implicate Goldman in manipulating Treasury note prices
Washingtons probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms including Goldman Sachs, The Post has learned.
In addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.
Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman GS, -0.70% that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.
Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.
The identities of any traders in investigators cross-hairs couldnt be learned...
Read more:
http://www.marketwatch.com/story/goldman-sachs-probed-in-alleged-rigging-of-treasury-market-2016-03-21
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
16 replies, 2413 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (55)
ReplyReply to this post
16 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Goldman Sachs probed in alleged rigging of Treasury market (Market Watch - March 21, 2016) (Original Post)
think
Mar 2016
OP
What's the dollar value of this bid-rigging? Is it worse than shoplifting? Shoplifting gets you shot
NBachers
Mar 2016
#4
No clue. But it's a $13 trillion dollar market so it would seem there would be some sizable
think
Mar 2016
#6
R. Daneel Olivaw
(12,606 posts)1. Jus tell them to "cut it out" and everything will be jus fine.
think
(11,641 posts)2. It worked so well the last time....
gratuitous
(82,849 posts)3. That's "cut it out, please," thankyouverymuch
Now it doesn't count, and Goldman Sachs (isn't that where Mrs. Ted Cruz draws a paycheck?) can go on with what they've been doing.
...it's Pasta!
TYY
NBachers
(17,149 posts)4. What's the dollar value of this bid-rigging? Is it worse than shoplifting? Shoplifting gets you shot
think
(11,641 posts)6. No clue. But it's a $13 trillion dollar market so it would seem there would be some sizable
money involved....
floriduck
(2,262 posts)5. Time for another quarter mil speech. nm
840high
(17,196 posts)12. Of course. Coming up.
SHRED
(28,136 posts)7. Marc Mezvinsky can call them...
...and tell them to "cut it out".
Oh...wait...
Rex
(65,616 posts)8. Well...they will stop it this time! NO doubt, since they are caught red handed and all.
Okay...so then back to work.
jalan48
(13,901 posts)9. No way. Not the job creators.
elmac
(4,642 posts)10. Too big to fail
and big enough to manipulate Treasurys.
99th_Monkey
(19,326 posts)11. K*R
Jarqui
(10,130 posts)13. "Investigators obtain chats and emails that appear to implicate Goldman
in manipulating Treasury note prices ..."
Hopefully, none of those emails were deleted from the Clinton's home server ...
Any speech transcripts turn up ?
So bonkers. Only in America.
Cassiopeia
(2,603 posts)14. That reminds me.... Hey Hillary, where are those speeches you made?
It's more important than ever for you to show us what you say to your banking friends behind closed doors.
Spitfire of ATJ
(32,723 posts)16. The ultimate inside job.