Sanders' voters and Goldman Sachs....two sides of the same government goodie coin...

[2aguy]

What is the difference between Bernie Sanders' voters and the people they hate, the people who work on Wall Street, in particular, Goldman Sachs.......

According to sanders and his voters Goldman Sachs wants to bend the government to their will.....the same thing sanders and his voters want...

Sanders voters don't want to pay for their own school and their own healthcare or get the skills needed to get a job that pays more than 15 dollars an hour...they want to grab the power of the government and use it to take those things from others to give the benefit to themselves....

the exact same thing they accuses Wall Street of doing......

See...socialism is socialism...if you want the government to control things you are a socialist wether you do it from Wall street or from some tiny office in bernie sanders campaign headquarters......

People....try freedom some time...it works...

And Sanders talks about a revolution.......well, we see where socialist revolutions lead...straight to mass graves....

 

[waltky]

Payin' fer their part in the sub-prime meltdown...

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact
April 11, 2016 -- Goldman Sachs Group Inc has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday.

The settlement, which Goldman disclosed in January, stems from the firm's conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2007 and 2009, the Justice Department said. Investors suffered billions of dollars in losses from the securities bought during the period, the department said. The settlement comprises a $2.385 billion civil penalty and $1.8 billion in other relief, including funds for homeowners whose mortgages exceed the value of their property, as well as distressed borrowers. It also preserves the government's ability to bring criminal charges against Goldman and does not release any individuals from potential criminal or civil liability, the Justice Department said.

In addition, Goldman will pay $875 million to resolve claims by the New York and Illinois attorneys general, the National Credit Union Administration and the Federal Home Loan Banks of Chicago and Seattle. A state and federal working group formed to investigate wrongdoing in the pre-financial crisis mortgage-backed securities market negotiated the settlement, said New York Attorney General Eric Schneiderman. The group has reached settlements with five other major financial institutions since 2012: J.P. Morgan Chase ($13 billion), Bank of America ($16.6 billion), Citibank ($7 billion) and Morgan Stanley ($3.2 billion). "We are pleased to put these legacy matters behind us," a Goldman spokesman said in a statement. "Since the financial crisis, we have taken significant steps to strengthen our culture, reinforce our commitment to our clients, and ensure our governance processes are robust," he said.

Goldman also acknowledged a Justice Department statement of facts describing how the firm misled investors. For example, Goldman's due diligence for one issue of 2006 mortgage-backed securities showed that some of the loan pools reflected an “unusually high” percentage of loans with credit and compliance programs, the Department said. "How do we know that we caught everything?" asked a Goldman committee tasked with reviewing and approving mortgage-backed securities, according to the Justice Department. "We don't," a Goldman manager said. "Depends on what you mean by everything? Because of the limited sampling... we don’t catch everything,” another Goldman manager said. Still, the committee approved the securities without requiring additional due diligence, said the Justice Department, which did not identify those involved.

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact