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Goldman May Face U.K., German Inquiries After Suit - Bloomberg.com
Goldman Sachs Group Inc. faces a regulatory probe in Britain and scrutiny from the German government after the U.S. Securities and Exchange Commission sued the firm for fraud tied to collateralized debt obligations.

Prime Minister Gordon Brown called yesterday for the Financial Services Authority to start an inquiry, saying he was "shocked" at the "moral bankruptcy" indicated in the suit. Germany's financial regulator, Bafin, asked the SEC for details on the suit, a spokesman for Chancellor Angela Merkel said.

... The European Union is also probing Goldman's role in arranging swaps for Greece that may have masked the country's budget deficit.
Kim Soo Mi, a spokeswoman for South Korea's Financial Supervisory Service, said the regulator "is monitoring market developments overseas as well as in South Korea, and we plan to review the status of South Korean financial institutions' exposure to that CDO product of Goldman Sachs."

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Mon Apr 19th, 2010 at 02:41:45 AM EST
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