Financial Regulatory Forum

By Antony Currie

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

LONDON, April 26 (Reuters Breakingviews) – The U.S. Senate’s investigations unit has scored some easy political points in its study of Goldman Sachs’s subprime mortgage activities in 2007. But there is no concrete evidence of wrongdoing, or even of an excessively zealous search for profits, in the four exchanges of embarrassing emails from the Wall Street firm released over the weekend.

Still, Goldman hardly makes a killer case with its defence — that it was merely hedging risk.

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The Senate Permanent Subcommittee on Investigations released a trove of internal messages and other exhibits from its look at the role credit-rating agencies played in the financial crisis, including several related to the Goldman Sachs Abacus trades at the heart of SEC fraud charges against the bank .  Reuters links to full file of exhibits.

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