Sen. Carl Levin Issues Subpoena to Goldman Sachs

After an extended period of blog lethargy, I’m making my debut on Eyes on the Ties today in order to announce a LittleSis research project: we’re working to develop a comprehensive list of all the connections between Goldman Sachs executives and influential government officials and lobbyists.

Serendipitously (or perhaps not), Senator Carl Levin has also made an announcement today: namely, that the Senate Permanent Subcommittee on Investigations has subpoenaed Goldman Sachs in order to comb for evidence of fraud during last year’s mortgage-market meltdown. The Daily Kos blog team was the first to pick up the story:

According to the Wall Street Journal, Senator Levin has subpoenaed several financial institutions, including Goldman Sachs Group Inc. and Deutsche Bank AG, seeking evidence of fraud in last year’s mortgage-market meltdown.

Apparently the investigations will be focused on whether internal communications, such as email, show bankers had private doubts about whether mortgage-related securities they were putting together were as financially sound. [Author: Badabing | Daily Kos]

Visit our Goldman Sachs Investigation Page to learn more.