Goldman Sachs accused of disrupting FCIC’s probe into financial crisis
Goldman Sachs has been accused of “deliberately and disruptively” refusing to work with the Financial Crisis Inquiry Commission (FCIC) after employing delaying tactics and attempting to inundate the panel with millions of pages of documents.
By James Quinn
07 Jun 2010
The investment bank, which has now been subpoenaed to appear before the FCIC as a result of its alleged actions, has also been accused of “mischief-making” with regards to its conduct towards the commission after sending it 20m separate documents. The FCIC has a staff of 50.
The accusations came from Phil Angelides, chairman of the FCIC, which is charged by the US Congress with finding the root causes of the crisis and outlining steps to ensure it does not happen again.