Goldman Sachs subpoenaed by NY Prosecutor

[excerpt] The report said Goldman Sachs contributed to the financial crisis, partly by designing mortgage-related investments that enabled the firm to profit while its clients lost money.

Almost three years after the financial system teetered on the brink of collapse, crippled by toxic mortgages, the request from the district attorney’s office was a tangible sign that Wall Street’s role in the crisis remains under official scrutiny.