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Wall Street Probe Illustrates Clout of Levin’s Senate Committee

When U.S. Senator Carl Levin declared that Goldman Sachs Group Inc. “clearly misled their clients and misled the Congress,” few analysts predicted his allegations would still be reverberating two months later.

The firm’s shares have fallen 16 percent in New York trading since April 13, when Levin’s investigative panel released an exhaustive report on the roots of the 2008 economic meltdown. The Justice Department and Securities and Exchange Commission are examining the findings. The Manhattan District Attorney last week joined in with a subpoena to Goldman Sachs.