Goldman Sued by Credit Unions, Faces SEC Probe

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Aug. 10 (Bloomberg) -- Goldman Sachs Group Inc. was accused by the National Credit Union Administration in a lawsuit of violating federal and state laws in the sale of mortgage-backed securities to now-failed corporate credit unions. Separately, the fifth-biggest U.S. bank by assets is being probed about its compliance with the U.S. Foreign Corrupt Practices Act, the firm said in a filing yesterday. Regulators are probing Goldman Sachs’s dealings with the Libyan Investment Authority, according to the Wall Street Journal. Jon Erlichman reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)


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