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IPFS News Link • Economy - Economics USA

Goldman Paying $550M to Settle Civil Fraud Charges

• NY Times
Goldman Sachs has agreed to pay $550 million to settle federal claims that it misled investors in a subprime mortgage product as the housing market began to collapse, officials said Thursday. [Take trillions, give back millions---what a deal!]

1 Comments in Response to

Comment by Anonymous ()
Entered on:

 What a joke. I see the settlement as the governments cut of the action.

Same as last week when Wells Fargo paid 115million "fine" for laundring 327 billion of Mexican drug Cartel money.  We the sheeple get screwed, How much longer do we take this anal raping ?