That $10 million fine he slapped on Deloitte for doing shoddy work may be only the beginning, of both a crackdown on consultants and, even more likely, a run for state comptroller/attorney general/governor/president/city comptroller (the latter if there should be a hiccup in the former path). Read more »
Also, Chaz thinks all of this has gone too far, and just because something “smells bad” doesn’t mean it’s illegal.
“I’m happy to do it because I think it’s going to demonstrate my innocence,” Kinnucan said of the request for information. Will he be happy with all the other fun stuff the feds likely have in store for him after he refused to wear a wire while conversing with SAC Capital, notified his clients of the investigations, and instead of choosing to put a lid on it, pimped his story out to the highest bidder(s)? Stay tuned!
The Financial Crisis Inquiry Commission slapped Goldman Sachs with a subpoena for documents and emails the bank has failed to turn over “in a timely manner,” according to a press release from the Commission.
Not surprisingly, the news has hit Goldman shares, which were up at the start of the trading day. Read more »