Jarhead
Gold Member
- Jan 11, 2010
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there is only one problem with this.Goldman Sachs to pay $5B in mortgage settlement
Goldman Sachs to pay $5B in mortgage settlement
Here it is in black and white but no one goes to jail.
However, if it were Bernie Madoff and you rip off the rich, go to jail even if you pass go.
But rip off the working middle class and the working poor. No one from the rich goldman sachs goes to jail. But if you pass go collect your bonus.
"This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail," acting Associate Attorney General Stuart Delery said in a statement.
The fed, the department of treasury, congress, etc all knew there were thousands of loans that were not worth the paper they were written on.