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.

Demanded the former president of Bank of America for fraud

The New York Attorney General Andrew Cuomo reported that sued the former president of the U.S. bank Bank of America (BofA), Ken Lewis, and two of its former executives for fraud and "manipulate" the authorities to receive federal aid mass in 2008.

The charges are framed in the purchase of investment bank Merrill Lynch by Bank of America.
According to Cuomo, supported by the head of the Treasury responsible for monitoring the proper use of funds released in autumn 2008 to save the financial system, the leadership of Bank of America conducted a "maneuver arrogant" and made "a huge fraud."
The lawsuit contends that the direction of BofA voluntarily hid massive losses from investment bank Merrill Lynch, which had decided to buy in September 2008, "so that its shareholders voted for the merger."

Moreover, the Bank of America spokesman Bob Stickler said the bank believed "regrettable" that Cuomo filed the charges, since they lacked merit.
"The evidence shows that Bank of America and its executives, including Ken Lewis and Joe Price, at all times acuta in good faith and consistent with its legal and fiduciary obligations," he said.

With this demand, the Bank of America fell to session lows levels on Wall Street, losing 3.6% to U.S. $ 14.97.

U.S. STOCKS-Futures fall awaiting housing and consumption data

The future of U.S. stocks down slightly on Tuesday as investors awaited data on home prices and consumer confidence, after strong gains the previous session.
Economists expect the Consumer Confidence Index Conference Board show a reading of 57 in September, up from 54.1 in August, according to Reuters.
Despite the improvement, the reading is still considered far from being healthy, since it suggests that there is continuing concern among consumers for any economic problems. The data will be published at 1400 GMT. The S & P / Case-Shiller Home Price U.S. for July is scheduled for 1300 GMT. Economists estimate that prices rose 0.5 percent in July compared to 1.4 percent in the previous month.
The energy sector is likely to recede, after the fall of crude oil futures. A weak demand picture that could be reinforced by weekly inventory data on U.S. fuel, condemning the crude to yield 0.3 percent.
Stock futures in the S & P 500 and Dow Jones industrial average fell 2 units and the Nasdaq 100 fell 6.25 points.