{"id":534486,"date":"2010-04-19T14:29:41","date_gmt":"2010-04-19T18:29:41","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=82705"},"modified":"2010-04-19T14:29:41","modified_gmt":"2010-04-19T18:29:41","slug":"levin-there-is-%e2%80%98another-big-shoe-to-drop-on-goldman%e2%80%99","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/534486","title":{"rendered":"Levin: There Is \u2018Another Big Shoe to Drop on Goldman\u2019"},"content":{"rendered":"<p>On Friday, the Securities and Exchange Commission made a bombshell <a href=\"http:\/\/washingtonindependent.com\/82571\/sec-charges-goldman-sachs-over-subprime-tied-product\">announcement<\/a>: It is charging Wall Street giant Goldman Sachs with civil fraud for failing to reveal to clients that a hedge fund shorting the housing market had engineered the product they were purchasing to fail.<\/p>\n<p>It seems that might not be the only allegation the bank will have to deal with. Michael Hirsch at Newsweek <a href=\"http:\/\/blog.newsweek.com\/blogs\/thegaggle\/archive\/2010\/04\/19\/carl-levin-another-big-shoe-to-drop-on-goldman.aspx\">reports<\/a> that Sen. Carl Levin (D-Mich.), who heads the Permanent Subcommittee on Investigations, believes there is &#8220;another big  shoe to drop on Goldman,&#8221; without specifying any more details. The panel has been investigating investment banks&#8217; role in the boom and bust in detail, and is due to hold hearings with Goldman executives next week. The unnamed source in Hirsch&#8217;s article says Levin plans to reveal the nature of the allegations as soon as tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the Securities and Exchange Commission made a bombshell announcement: It is charging Wall Street giant Goldman Sachs with civil fraud for failing to reveal to clients that a hedge fund shorting the housing market had engineered the product they were purchasing to fail. It seems that might not be the only allegation the [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-534486","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=534486"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534486\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=534486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=534486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=534486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}