The Securities and Exchange Commission has reportedly subpoenaed Goldman Sachs(GS - Cramer's Take - Stockpickr) and other top banks and hedge funds in its probe into the rumor mongering that has hammered Wall Street's biggest banks during the credit crunch.
Bloomberg, citing three people with knowledge of the matter, said the SEC's enforcement division has demanded trading records and emails from Goldman, Deutsche Bank(DB - Cramer's Take - Stockpickr) and Merrill Lynch(MER - Cramer's Take - Stockpickr) as they probe possible manipulation of Bear Stearns and Lehman Brothers(LEH - Cramer's Take - Stockpickr) stock.
Bloomberg, citing three people with knowledge of the matter, said the SEC's enforcement division has demanded trading records and emails from Goldman, Deutsche Bank(DB - Cramer's Take - Stockpickr) and Merrill Lynch(MER - Cramer's Take - Stockpickr) as they probe possible manipulation of Bear Stearns and Lehman Brothers(LEH - Cramer's Take - Stockpickr) stock.
