The fire storm over the NY Bankers manipulating markets is spreading. Goldman Sachs has been the brunt of jokes such as that that aired on the The Daily Show.The Federal Reserve is also currently reviewing Morgan Stanley’s behavior in commodities markets.
The CFTC has been forced to at least subpoena Goldman Sachs, and the allegations have filling the TV and press not to forget the internet, they have no choice but to look into this whole mess. Of course they will not press criminal charges, But they could reach the fine stage that makes it all better and they go away.
