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Monday, April 19, 2010

More bad news for Goldman Sachs tomorrow?

Word is that the other shoe is about to drop on Goldman Sachs tomorrow courtesy of Sen.Carl Levin who's one of the good guys in the Finance Reform saga.

Levin's staff has uncovered new documents "that link certain actions to specific people" at Goldman, according to a senior legislative official who spoke on condition of anonymity. The official would not divulge the nature of the allegation but said that Levin believes it amounts to "another big shoe to drop on Goldman." Spokespeople for Levin said they were not prepared to discuss the nature of the probe, but his committee has been conducting several weeks of hearings and one is planned for April 27 on "the role of the investment banks." "We expect to have some information tomorrow," spokesman Bryan Thomas said Monday.

Newsweek has the scoop.

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