Goldman Accused Of Dumping 'A Load Of Rubbish'

The Wall Street Journal reports that the Financial Crisis Inquiry Commission (FCIC) has now issued a subpoena to Goldman Sachs for 'failing to comply with a request for documents and interviews in a timely manner'.

The newspaper quotes 'Goldman insiders' who say that the firm has provided over 20 million documents to the panel, but the panel feels that they are being taken for mugs.

Here are a few media sound bites on the affair:

'Goldman Sachs has not, in our view, been cooperative with our requests for information, or forthcoming with respect to documents, information or interviews'.

'We did not ask them to pull up a dump truck to our offices and dump a bunch of rubbish. We asked for very specific documents'.

'This is not a misunderstanding. This has been a very delibrate effort over time to run up the clock'.

Phil Angelides, Chairman FCIC (The New York Times, The Wall Street Journal)

'They may have more to cover up than maybe we thought'

Commission Vice Chairman Bill Thomas (The Wall Street Journal)

'This is surely a case of 'damned if you do, and damned if you don't'. In a highly politicized environment where even personal e-mails take on a great significance, if Goldman didn't undertake comprehensive disclosure if would doubtless be accused of trying to obstruct justice'.

Vic Daniels, Publisher, Here Is The City

'We have been and continue to be committed to providing the FCIC with the information they have requested'.

A Goldman Sachs spokesperson

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