Why do investors get only 250 million while gooberment gets 300 million?

Yurt

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Jun 15, 2004
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Goldman settles SEC charges for $550 million - Jul. 15, 2010

Goldman settles with SEC for $550 million

NEW YORK (CNNMoney.com) -- Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday.

Goldman (GS, Fortune 500) shares jumped almost 8% in after-hours trading on the announcement, as many predicted the company would be forced to pay $1 billion to settle the case.

The settlement amount represents roughly 4% of the $13.4 billion in profits Goldman earned last year. In its first quarter of this year, the bank logged $3.5 billion in profits.

Still, the $550 million was the largest penalty a Wall Street company has ever paid to the SEC. Regulators said $250 million would be returned to affected investors and $300 million would be paid to the U.S. Treasury.

this makes no sense...if this is a law on the books that says the gov gets this much but investors only get this much, its stupid

the government as usual is greedy and screws those who actually lost money
 

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