Goldman Sachs: Gordon Brown attacks firm's 'moral bankruptcy'

Gordon Brown has called for a “special investigation” into Goldman Sachs after reports that the bank is to pay £3.5bn in bonuses.

Speaking on the BBC’s Andrew Marr Show the Prime Minister described the situation as one of “moral bankruptcy”.

His criticism follows allegations by the Securities and Exchange Commission in US that Goldman defrauded investors during the sub-prime housing crisis.

Goldman strongly rejected the claims as wrong “in fact and law”.

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Posted in * Economics, Politics, * International News & Commentary, Corporations/Corporate Life, Credit Markets, Economy, England / UK, Ethics / Moral Theology, Stock Market, The Banking System/Sector, Theology

3 comments on “Goldman Sachs: Gordon Brown attacks firm's 'moral bankruptcy'

  1. Ad Orientem says:

    LOL! This wouldn’t have anything to do with a forthcoming election would it?

  2. John Wilkins says:

    always amusing when socialists complain about capitalists being “frauds.”

  3. tgs says:

    That’s the pot calling the kettle black for sure.