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News Wrap: DOJ Will Not Prosecute Goldman Sachs in Financial Fraud Probe

August 10, 2012 at 12:00 AM EST
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KWAME HOLMAN: The U.S. government will not prosecute Goldman Sachs or any of its employees in the financial meltdown of 2008 and 2009.

The Justice Department announced last night there’s not enough evidence to bring criminal charges. In 2010, Goldman agreed to pay $550 million to settle civil fraud charges. The Wall Street firm was accused of misleading buyers of its mortgage-related securities.

For the record, Goldman Sachs is a sponsor of PBS online.

On Wall Street today, the Dow Jones industrial average gained more than 42 points to close just under 13,208. The Nasdaq rose two points to close near 3,021. For the week, the Dow gained nearly 1 percent. The Nasdaq rose nearly 2 percent.

Hundreds of mourners paid final respects today to the six people gunned down Sunday at a Sikh temple near Milwaukee. They were joined by the governor of Wisconsin and the nation’s top law enforcement official.

For hours, they filed through the Oak Creek High School gymnasium in solemn lines. Sikh men wore traditional turbans of their faith and others covered their heads in respect. Many comforted one another as they slowly made their way past the caskets of the five men and one woman killed in the attack.

Wisconsin Gov. Scott Walker told the mourners that all citizens, regardless of faith, stand with the Sikhs in their grief.

GOV. SCOTT WALKER (R-Wis.): It should be not lost on any of us that our founders included in the very first meantime to the Constitution a protection of the freedom of religion. No matter who country your ancestors came from, no matter where you worship, no matter what your background, as Americans, we are one.

KWAME HOLMAN: U.S. Attorney General Eric Holder praised the Sikhs for the way they have responded to the assault.

ATTORNEY GENERAL ERIC HOLDER: Last Sunday morning, this community witnessed the very worst of humankind. But for every minute, every hour, and every day since then, you have exemplified and you have inspired the very best in who we are.

KWAME HOLMAN: It remained unclear nearly a week later exactly what motivated the attack at the Sikh temple. The gunman, Wade Michael Page, took his own life after being wounded by police. He had a history of involvement with white supremacists.

Today, the secretary of the Oak Creek temple could on governments to do more to ensure all innocent people are protected from violence.

INDERJEET SINGH DHILLON, community leader: And, everybody, just pray it won’t happen again. It doesn’t matter Sikh temple, it doesn’t matter Hindu temple, Christian, or Muslim, or any religion.

KWAME HOLMAN: Near the conclusion of the ceremony, mourners stood to pray for the victims. Scheduled later was a 48-hour rite called Akhand Path, in which priests read the entire Sikh holy book aloud to honor the dead.

Three U.S. Marines were killed in Afghanistan today by an Afghan police officer. It was the third such attack this week and the 21st this year. It happened in the Sangin district of Helmand Province. Afghan officials said the policeman had just finished eating with the Americans when he opened fire. The Taliban said the gunman joined their ranks after the shooting.

In Syria, government forces were unrelenting in their bombardment of Aleppo. Rebels there said they were running low on ammunition. And the fighting wasn’t just in the ancient northern city. The capital, Damascus, also saw shelling again today in outlying areas where rebels remain.

In Washington, the U.S. announced new sanctions against President Bashar Assad’s state-run oil company for shipping gasoline to Iran.

White House spokesman Jay Carney defended the action against criticism it was largely symbolic.

JAY CARNEY, White House press secretary: No single sanction is going to, by itself, prevent Assad from, you know, getting his last bit of financing. But, together, collectively, the sanctions enhance pressure.

KWAME HOLMAN: The U.S. and other Western nations have stopped short of providing weapons to the Syrian rebels. But opposition fighters in Aleppo appealed again today for heavier arms to fight Syrian tanks and planes.

At the London Olympics today, a world record that had stood for 27 years was dashed in women’s track.

Spoiler alert: You may want to tune out for a few moments while we give some of today’s results.

The U.S. women’s team won the 4-by-100 relay today, and broke a world record time set in 1985. Bahamas won the men’s 4-by-400 relay, beating out the U.S. team. And American Jordan Burroughs won a gold medal in freestyle wrestling, the first one in wrestling for the U.S. at these Games.

Those are some of the day’s major stories.