A U.S. Senate panel has released a new report on the causes of the nation’s financial crisis. The report singles out a number of agencies and companies, including Deutsche Bank, the former Washington Mutual Bank, the U.S. Office of Thrift Supervision and the credit rating agencies Moody’s and Standard & Poor’s. The firm Goldman Sachs also comes under intense criticism for misleading clients and Congress about its marketing of mortgage-backed securities while privately betting on their failure. Panel chair Senator Carl Levin said Goldman had clearly engaged in “abusive practices.”

Sen. Carl Levin: “Why would Goldman deny what is so obvious, that they were engaged in a huge short in the year 2007? Why would they deny it? Because they gained at the expense of their clients, and they used abusive practices to do it.”

Levin says he has referred his findings to the U.S. Department of Justice and federal regulators for potential criminal investigation.