Brown wants the FSA to probe Goldman

Prime Minister Gordon Brown wants the FSA to probe Goldman Sachs after the SEC announced it was suing the company for sub-prime related fraud.

Brown called for the inquiry after saying he was "shocked" at the "moral bankruptcy" indicated in the charge. "This is probably one of the worst cases we have seen," Brown told the BBC's Andrew Marr program. "It looks as if people were misled about what happened. The banks are still an issue. They are a risk to the economy." The move was echoed by German Chancellor Angela Merkel, who told her country's financial regulator Bafin to ask the SEC for details on the suit. Goldmans has vehemently denied the charge of fraud tied to collateralised debt obligations. Royal Bank of Scotla...