The Financial Crisis Inquiry Commission will not back down from demands for data on Goldman Sachs's derivatives businesses and might hire accountants to comb through the bank's systems to retrieve information its executives have maintained they do not track, the panel's chairman has said.
“We have a deep level of questioning about whether we're getting the straight scoop here and whether Goldman is working with us on information that they surely have,” Phil Angelides, chairman of the US Congress-appointed commission, told the Financial Times.
His comments mark the latest episode in the dispute between Goldman and the commission, which has scolded the bank for its “abysmal” response to the inquiry.
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