Investing

Government Launches Criminal Probe of Goldman Sachs

By John Hudson of The Atlantic Wire

Shares of Goldman Sachs are down following reports that federal prosecutors are conducting a criminal investigation into whether the investment bank committed securities fraud. Any potential charges could be far more serious than the $1 billion civil suit currently embroiling the company. However, the investigation is still in a preliminary stage. Here’s how business writers are reacting to the news:

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