Did you think Goldman Sachs and Morgan Stanley were going to be the only ones subjected to cavity searches by the US government? Think again, mon chi-chis! Charlie Gasparino reports that you should all be girding your loins.
The government has ramped up its investigation of Wall Street’s sale of toxic securities during the financial crisis to include firms other than Goldman Sachs and Morgan Stanley. Sources tell FOX Business that the Securities and Exchange Commission’s most active investigations so far also include Deutsche Bank and Citigroup, two of the biggest packagers of the toxic debt, known as collateralized debt obligations, that are at the center of the government’s interest.
Sources tell FOX Business that after the SEC initially requested information from all the firms when it began its probe last year, it came back and subpoenaed Citigroup and Deutsche Bank for additional documents, underscoring a heightened level of interest. In the case of Citigroup, the SEC has conducted depositions of senior executives there, these people tell FOX Business.
As of today, there have been no so-called Wells Notices issued to either firm. A Wells Notice indicates that the commission’s enforcement staff is recommending to the full commission that the firms should be charged with civil securities fraud.
As a wanna-be culture carrier, I hope RayDal perked up when he read this headline
I guess there is good tranny porn inside Citi and Deutche Bank — HD on the hard drives?
BL – your taste in movies is unparalleled
I heart you
“There will be mass probing”, said Chico.
“Chahlie, you can probe me all night. I can bring my daughter along, too”, said the sad old woman.
Chico’s spine shivered in utter disgust long after he left the event.
Bess:
http://www.youtube.com/watch?v=zg4SqYKOd1A
You broke you own it motherfuckers. BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
GS is SAVED. Yes!! Everyone will settle and this BS will be over soon.
I heard Khouzami was looking at CG for trading on material non public information….
Dear DealBreaker,
Do widening probes leave gaping holes?
-Concerned in NYC
@7 Of course GS is saved. Given the shit they’ve gotten away with overseas ( tantamount to selling products that cause clients to lose money no matter happens )I’m going to assume that their lawyers are not going to let GS fall b/c they sold short some CDOs.
CRAP-POOLS, CRAP-POOLS, SHITTY-DEAL, SHITTY-DEAL
Just wait until I get you bankers for these SHITTY DEAD PRESIDENTS full of CITI-CRAP shitting out crap in pools.
Wait, what?
ANSWER THE QUESTION!
-C.Levin
What does The Thug mean by a “so-called” Wells Notices?
There is nothing “so-called” about a Wells Notice. However, it would be accurate to call The Thug a “so-called” financial journalist.
I wish that Gasparino would be called to the Senate for a hearing, either as an “expert” or for some investigation for something, anything.
Now THAT would be entertainment.
Best comment you’ve had in a long time, Pfluger
Pfluger, I love you man! And, I don’t even know you. Your observation is so on point. He’s not a NewsBreaker. He’s a GasBreaker. His knowledge of finance wouldn’t fill a thimble. “I knows dis stuff cus I been coverin it since yous was a kid”.
Question: How long will it take FBN to realize that it has bought a bag of dung whose journalistic claim to fame is making up stories for a business network that nobody watches and writing so called books (really Micky Spilane trash) that nobody reads?
The Sellout (you know, that book that could never sell out) is currently about 8,000 on the Amazon list.
BL, thanks for including that pic with the blond granny. So why is it that we never see pics of the Gasman in public with his wife? She’s got to be hotter than granny?
Yeah, I got a scoop too. Shake Weight is merging with Fleshlight to become ShakeFlesh. If it isn’t true yet it will be.
Holy Shit Batman. What a scoop. The SEC to investigate more than just Goldman and Morgan Stanley. Wow. Breaking News? Breakin Gas? You decide.
Helllllooooo – in other words, they are just doing their job by investigating all of the firms in a particular area that appears to be prone to questionable conduct. Geez – I think that’s their job. So NEWS FLASH FROM THE WORLD’S GREATEST REPORTER – SEC DOING WHAT WE ALL THOUGHT IS WAS DOING! Yes, indeed, hell of a scoop.
Upon being credited with his scoop award, the equivalent of the Pulitzer (ooops, sore spot – he did not nominate himself for this one), the GasBreaker had the following comment: ” Ya. Geez. Tanks for da recogdition. Yous guys knows hows hard I work hanging out at da mens rooms, treatening secretaries, making shit up to stir da pot, and pissin off everybody I can. It feels good to, you know, be seen as the da man, da greatest reporter of all times, da lung ripper, da martini boy, da granny grabber.”
Following our interview, the GasBreaker made two more sage prognostications: the sun will set dis evening, and the sun will rise in da morning.
Thank Levin for 7-11
News or not, I see another massive transfer of wealth – this time from the banks to the lawyers. Good to see my money’s still in play. If I still had it, I’d prolly just spend it on entertainment anyway. Different outcome…same result. Damn!
BS! The government isn’t going to do crap! As long as Goldman Sachs, JP Morgan, Citigroup, etc. just give the government some money then they won’t probe anything.
It’s just like the audit the fed bill, a one-time audit of 2008 and I think 2007. Wow what about the future and the past? Bah!
It is not a “so called” Wells Notice assclown.
Anything with a proper name cannot be, by definition, “so called”.
DB, we need to put an end to the egregious (mis)use of so called.
Journalists – especially you Bloomberg hacks, “so called” does not make you smarter, per se.
- Jevons