Possible Enforcement On Banks?

Here are some recent financial stories with hints of the ongoing pressure being applied to the criminals of the global banking system.   ~e

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Goldman Sachs Joins Wells Fargo Disclosing Threat of SEC Enforcement Move

By Dakin Campbell and Christine Harper - Feb 29, 2012 12:00 AM ET 

 

Goldman Sachs Group Inc. (GS), Wells Fargo & Co. (WFC) and JPMorgan Chase & Co. (JPM) are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities

Goldman Sachs and Wells Fargo said yesterday that they received Wells notices from the Securities and Exchange Commission, warning that agency staff may recommend enforcement. The SEC has issued such notices to multiple banks including JPMorgan, the nation’s largest, in probes focusing on mortgage securities, said people with knowledge of the matter who asked not to be identified because the communications weren’t public.

http://www.bloomberg.com/news/2012-02-28/goldman-sachs-reports-wells-notice-from-sec-tied-to-mortgage-backed-bonds.html

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Trial of former prime minister of Iceland begins

Iceland's former prime minister will appear in court to answer charges over his role in the 2008 financial crisis.

Geir Haarde became a symbol of the get-rich bubble for Icelanders, many of whom lost their jobs and homes after the country's main commercial bank collapsed, sending inflation soaring and its currency into a nosedive. Haarde is accused of negligence in failing to prevent the financial implosion from which the island country is still struggling to emerge.

http://www.guardian.co.uk/world/2012/mar/05/iceland-pm-charged-crisis?newsfeed=true