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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNY Post: Goldman Sachs gets punched in the crotch
Lost in the clutter, banter and poor decorum of yesterday, is the New York Post article about a quiet Lord (I mean Lloyd) Blanfein seeking relief from "Goldman Sachs punch in the crotch", where journo Kevin Dugan notes that Sachs suchs in a loss of profit down to $1.14 Billion for the 1st quarter, from $2.84 Billion.
Let's all have a pity party of $uchs
As for moi, I"m still out to get Goldman $achs indicted.
just sayin.......
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Goldman Sachs will always be Above the Law | |
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Dept of {In}Justice loves the revolving door with Wall Street | |
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Wall Street fraud & secrecy is O.K. just look at the transcripts (whoops) | |
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Hill & Bill never met a speech dollar they didn't adore | |
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$uchs says "We broke the Law - So Fine Me" (heh heh) | |
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We Don't know where that FINE monies really go | |
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$achs deserves a break - they do a corrupt country good | |
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All of the Above | |
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Laser should be careful, Sachs may toss him off the roof | |
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think
(11,641 posts)BY PHIL ANGELIDES
Special to The Bee
The U.S. Department of Justice last week announced with great fanfare a settlement under which Goldman Sachs would ostensibly pay out more than $5 billion for misconduct related to its sales of mortgage securities to investors in the run up to the 2008 financial crisis.
Its now clear from a review of the settlement that Goldman Sachs likely will pay much less in penalties than the Justice Department claims, due to special credits included in the deal and, unbelievably, tax deductions Goldman Sachs will receive for payments it makes under the settlement.
Disturbing as this may be, whats most troubling is that this settlement agreement like previous deals between the Justice Department and big financial institutions contains no consequences for the executives who drove or condoned wrongdoing. As a result, it will not deter future financial lawbreaking and will further undermine the publics faith in the fairness of our legal system.
In September 2010, at a public hearing held in Sacramento, the Financial Crisis Inquiry Commission released key evidence it had obtained that showed that major financial institutions, including Goldman Sachs, included significant numbers of clearly defective loans in mortgage securities they were peddling to investors and then misled investors about the quality of loans in those securities.
Read more here: http://www.sacbee.com/opinion/california-forum/article71877727.html#storylink=cpy
Glassunion
(10,201 posts)They can claim a deduction on the $5bil fine.
think
(11,641 posts)laserhaas
(7,805 posts)Our eToys case proves everything everyone - including Bernie & Warren - are saying.
Sachs breaks the law - openly
It doesn't care, have any fear, about being investigated or prosecuted
Revolving doors of Justice Dept. with Wall Street, assure "these guys" stay 'Scot Free'