8 years ago
2
Goldman Sachs Will Pay $5 Billion To Settle Financial-Crisis Claims
Goldman Sachs will pay about $5 billion to resolve state and federal investigations into its handling of mortgage-backed securities in the years leading up to the 2008 financial crisis, the bank said today. The agreement will settle "actual and potential civil claims" by the U.S. Justice Department and the attorneys general of New York and Illinois, as well as the Federal Home Loan Banks of Chicago and Seattle and the National Credit Union Administration...
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And not a single second of jail time for any of the executives responsible for the crimes they committed. Just slightly smaller bonuses for the next few years.
A slap on the wrist and no desert after dinner for a week. Insanity.