Gordon Brown and Angela Merkel attack Goldman Sachs - The Guardian

A crisis gripping Goldman Sachs deepened today as Britain and Germany moved towards joining the US in pursuing a fraud investigation against the Wall Street bank for allegedly fiddling clients out of $1bn ($650m) through a misleading mortgage investment deal.

Gordon Brown ordered a special investigation into Goldman, accusing the bank of "moral bankruptcy". He threatened to block multimillion-pound bonus payouts if the firm is found guilty of wrongdoing.

In Berlin, Angela Merkel's government said it had sought information from the US Securities and Exchange Commission with a view to evaluating "legal steps" against Goldman.

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