Senate Probes Financial Giants Over Mortgage Crisis

Law360, New York (July 30, 2009, 7:01 PM EDT) -- A U.S. Senate panel has reportedly issued subpoenas to Goldman Sachs Group Inc., Deutsche Bank AG and Washington Mutual Inc. as part of an investigation into the roots of the 2008 mortgage banking crisis.

The inquiry by the Senate's investigations subcommittee is meant to uncover potential signs of fraud in the internal communications of financial firms, and is likely to include other industry players as well, the Wall Street Journal reported Thursday.

Representatives for Sen. Carl D. Levin, D-Mich., said the subcommittee is not commenting on...
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