UK's Brown wants investigation into Goldman Sachs

UK's Brown wants investigation into Goldman Sachs

By Adrian Croft

LONDON (Reuters) - Prime Minister Gordon Brown said on Sunday he wanted Britain's financial watchdog to investigate U.S. bank Goldman Sachs after it was charged with fraud by U.S. regulators.

Brown, who is fighting an election campaign, piled pressure on Wall Street's most powerful bank, accusing it of "moral bankruptcy" over reported plans to pay big bonuses.

Goldman Sachs was charged with fraud by the U.S. Securities and Exchange Commission (SEC) on Friday over its marketing of a subprime mortgage product. Goldman has called the U.S. lawsuit "completely unfounded" and has vowed to defend itself.

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http://ca.news.yahoo.com/s/reuters/100418/business/cbusiness_us_bri...

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Tags: Brown, Goldman, Sachs, UK's, into, investigation, wants

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Comment by Rev. Trevor Knott ( GIC ) on April 18, 2010 at 1:40pm
Yes, This feels odd.
Comment by theGIC.org on April 18, 2010 at 10:42am
I wonder what is up with all this? Obama made a similar statement about Wall Street reforms.. They are orchestrating something.... I feel a bait and switch coming to get everyone off the Federal Reserves back.

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