UK’s Brown wants investigation into Goldman Sachs

LONDON, April 18 (BestGrowthStock) – Prime Minister Gordon Brown
said on Sunday he wanted Britain’s financial regulator to
conduct a special investigation into U.S. bank Goldman Sachs
(GS.N: ).

The bank has been charged with fraud by the U.S. Securities
and Exchange Commission over its marketing of a subprime
mortgage product.

“I want a special investigation done into the entanglement
of Goldman Sachs and the companies there with other banks and
what happened,” Brown told BBC television.

“There are hundreds of millions of pounds have been traded
here and it looks as if people were misled about what happened.
I want the Financial Services Authority to investigate it
immediately.”

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(Reporting by Tim Castle; Editing by Adrian Croft)

UK’s Brown wants investigation into Goldman Sachs