Banking
Aug. 16, 2011
Credit union agency takes on Goldman Sachs
In the wake of the economic meltdown, which has spurred few enforcement actions or prosecutions, a relatively obscure federal agency filed suit against Goldman in Los Angeles federal court.
Daily Journal Staff Writer
LOS ANGELES - Three years after the fizzling mortgage industry helped ignite an economic meltdown, many Americans are still waiting to see whether regulators will hold financial institutions accountable for the wreckage.
One answer to that question came from an unexpected source last week, when a relatively obscure federal agency filed suit against Goldman Sachs in Los Angeles federal court.
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