Goldman Sachs has evidently bought their way out of jail, as did the others, with a headline billion-dollar settlement for financial wrongdoing leading up to the 2008 financial crisis. The collection of these monies is due to the efforts of President Obama’s Financial Fraud Enforcement Task Force’s RMBS Working Group. But once settled, where does the money go, and who decides?
Additionally, many of the components of the fine are tax deductible therefore the headline numbers don’t truly reflect the “real” penalties incurred. Read more>>
Additionally, many of the components of the fine are tax deductible therefore the headline numbers don’t truly reflect the “real” penalties incurred. Read more>>
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