Germany May Go After Goldman Sachs

One of the nation's big lenders nearly collapsed

By John Johnson

Posted Apr 17, 2010 5:06 PM CDT

Copied

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.

Read These Next

Bodies found at lifetime felon's former home.
Looks like we have a date for the Taylor Swift-Travis Kelce nuptials.
Gene Simmons says Congress has to fix the radio business model.
FDA says faulty glucose monitors have caused deaths, injuries.

Report an error