US halts Goldman Sachs investigation

10.08.2012 - 10:28

In a surprise announcement, the US Justice Department hasannounced that they are dropping their investigation of the bankers at the heart of the 2008 financial meltdown, saying, "there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees."

"The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time," the statement continued, "If any additional or new evidence emerges, today's assessment does not prevent the department from reviewing such evidence and making a different determination, if warranted."

Goldman Sachs said they were "pleased" at the news.

Critics say that nobody has been held accountable for their role in the financial crisis.