Goldman irritates commission investigating U.S. financial crisis

The commission investigating the financial crisis quoted Goldman Sachs Group Inc. after the bank flooded the panel with 2,500 million page records, increasing the tension in the relationship of the firm with the U.S. government. The vice president of the Commission of Inquiry into Financial Crisis (FCIC, by its original acronym), Bill Thomas, said Monday night that Goldman, knowing the limited resources of the panel, staff had to find a needle in a haystack .
"We hoped that they gave us the needle," said Thomas. The Corporation said Goldman was quoted on Friday. The Wall Street firm had five terabytes of records, each containing 500 million pages of digitized records, told a press conference the president of the Corporation, Phil Angelides.
The commission called Goldman's response as "extreme." Angelides and Thomas said that other banks had complied with similar requests received and the FCIC. Goldman spokesman, Samuel Robinson, said in a statement that "we have been and we remain committed to deliver to FCIC information they have requested." Goldman shares fell $ 3.72, or 2.6 percent, to close at $ 138.68 on the New York Stock Exchange on Monday.