Germany May Go After Goldman Sachs

One of the nation's big lenders nearly collapsed
By John Johnson,  Newser Staff
Posted Apr 17, 2010 5:06 PM CDT
Germany May Go After Goldman Sachs
As security looks on, people enter the Goldman Sachs headquarters in the Lower Manhattan area of New York, Friday, April 16, 2010.   (AP Photo/Diane Bondareff)

Goldman Sachs may soon have another government on its back: Germany will ask the SEC for information about its fraud case against the Wall Street giant. One of Germany's big lenders, IKB, got caught up in Goldman's mortgage investment scheme and required a bailout to avoid collapse, explains the Wall Street Journal.

"First we must ask for the documents, then evaluate (them) and then decide about legal steps," said a spokesman for Chancellor Andrea Merkel, confirming a report in a German newspaper. (More Germany stories.)

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