Inquiry Panel Issues Goldman Subpoena

A bipartisan panel issued a subpoena Monday to investment bank Goldman Sachs Group Inc. after the panel said it failed to comply with a documents request and interviews.

Chairman Phil Angelides and Vice Chairman Bill Thomas of the Financial Crisis Inquiry Commission, who made the announcement, have stressed the commission's commitment "to using its subpoena power if there is a lack of, or delay in, compliance."

"Failure to comply with a commission request is viewed with the utmost seriousness, as the commission will not be deterred from getting desired information," the commission said.

In an e-mailed statement, a Goldman spokeswoman said, "We have been and continue to be committed to providing the FCIC with the information they have requested."

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