Senators Officially Request DOJ And SEC Investigate Goldman And CEO Lloyd Blankfein


Senators Carl Levin (D-MI) and Tom Coburn (R-OK) have requested that the SEC and the DOJ look into the dealings of Goldman Sachs and whether Lloyd Blankfein perjured himself during his epic testimony in front of Carl Levin’s committee last year.

At issue are whether a) Goldman broke the law by trading against clients and b) whether its CEO lied about this during his epic testimony in front of Levin’s committee last year.

According to Bloomberg, the request is standard procedure when such questions, and it should not be assumed that the investigation will lead to anything, although the last thing Goldman or Blankfein need is more attention from the Feds. Also bear in mind that Senator Levin had previously promised to take such an act in regards to the firm’s alleged trading against clients (in mortgage securities — trading that the firm has claimed was only for hedging purposes).