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Goldman Sachs Won't Be Prosecuted In Fraud Probe

Published August 10, 2012 at 3:00 AM CDT

RENEE MONTAGNE, HOST:

NPR's business news starts with a Justice decision.

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MONTAGNE: The U.S. Justice Department announced late last night that it is not pursing criminal charges against Wall Street bank Goldman Sachs or its employees. A Senate panel investigating the financial crisis had charged that Goldman bet against the same risky mortgage bundle it was also selling to clients. The Justice Department said in a statement it could not meet the burden of proof to bring a criminal case. Transcript provided by NPR, Copyright NPR.