The U.S. Senate delivered a damning verdict on how the financial system of the United States, including pinning the investment bank Goldman Sachs and Deutsche Bank, its sister for their role in the crisis of 2008, reveals the press. In a report of 652 pages, the New York Times posted on its website, a commission of inquiry bipartisan Senate involves the failure of regulators and rating agencies, but also a system that s' has been unable to avoid the worst economic crisis in the U.S.
have known since 1929. "The crisis was not a natural disaster, but the result of complex financial products and high risk of undisclosed conflicts of interest and the failure of regulators, rating agencies and market itself to curb the excesses of Wall Street, "according to the report, released after two years of investigations.
Interested in the case of Goldman Sachs, the Committee criticizes the way it operates and observes that the most prestigious investment banks has often chosen to speculate at the expense of its own customers. In 2007, Goldman Sachs has sold complex financial products, CDOs, while concealing the positions it took in betting on the collapse of these products, however, she had made herself.
For 2007 alone, these paris reported to the bank 3.7 billion dollars in profits. Goldman Sachs has had to pay last year's $ 550 million to settle a complaint by securities regulators (SEC) accusing him of fraud. Deutsche Bank is also in the sights of this commission of investigation for similar practices, to the detriment of its own customers.
"The investment banks that have designed, sold, exchanged and reaped financial products backed by mortgages are a major cause of the financial crisis." The committee issued several recommendations, including a ban on "serious" of proprietary trading, but watered down provision contained in the reform of financial regulation passed last year by Congress.
Another commission, appointed him by the U.S. government, the Commission of Inquiry on the financial crisis (FCIC), had already issued its conclusions in January, too overwhelming for the U.S. financial system and its major players. 
have known since 1929. "The crisis was not a natural disaster, but the result of complex financial products and high risk of undisclosed conflicts of interest and the failure of regulators, rating agencies and market itself to curb the excesses of Wall Street, "according to the report, released after two years of investigations.
Interested in the case of Goldman Sachs, the Committee criticizes the way it operates and observes that the most prestigious investment banks has often chosen to speculate at the expense of its own customers. In 2007, Goldman Sachs has sold complex financial products, CDOs, while concealing the positions it took in betting on the collapse of these products, however, she had made herself.
For 2007 alone, these paris reported to the bank 3.7 billion dollars in profits. Goldman Sachs has had to pay last year's $ 550 million to settle a complaint by securities regulators (SEC) accusing him of fraud. Deutsche Bank is also in the sights of this commission of investigation for similar practices, to the detriment of its own customers.
"The investment banks that have designed, sold, exchanged and reaped financial products backed by mortgages are a major cause of the financial crisis." The committee issued several recommendations, including a ban on "serious" of proprietary trading, but watered down provision contained in the reform of financial regulation passed last year by Congress.
Another commission, appointed him by the U.S. government, the Commission of Inquiry on the financial crisis (FCIC), had already issued its conclusions in January, too overwhelming for the U.S. financial system and its major players.
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