SEC settlement is a major victory -- for Goldman Sachs

poetic justice

let goldman sachs

use tarp and stimulus funds

to

"pay"

the obama fine to the treasury

obama regime--they hate free enterprise

just another obama regime shakedown

This was a fraud...I wonder how many employees of the SEC will get plush jobs with Golman within a yr or two.

What about the losses from investors...are they only going to get pennies on the dollar back?

The should have taken them to court to send a message to all.

What this message said was more of a 2% donation by Goldman to the SEC.

ProCounsel wrote: "let goldman sachs use tarp and stimulus funds to "pay" the obama fine to the treasury . . ."

Goldman Sachs already paid back their TARP funds, with interest, giving the government a large profit. Over half of the TARP funds have been repaid, with interest.

You should try to get your facts straight.

ProCounsel wrote:
ppppstttttttttt........media allstars

how about a freedom of information request

to the obama regime

inquiring about all obama regime tarp and stimulus funds to goldman sachs

never know what you get when you drag $550 million through

trashy trailer park obama...............

Question: Why did Goldman Sachs get a bargain fine of $550 million for fraud??

Answer: A professional courtesy discount from the fraudulent chicago gang obama.

Thanks for the posts, ProCounsel.

It's always instructive to see what kind of lunatic nonsense is ricocheting around the right-wing echo chamber.

JedRothwell, ignoring bailout of GS and others by treasury and federal reserve, in response to Proconsul, wrote

"Goldman Sachs already paid back their TARP funds, with interest, giving the government a large profit. Over half of the TARP funds have been repaid, with interest.

You should try to get your facts straight."

GS got paid 100% of the value of its devalued derivatives (treasury gives AIG tarp, AIG passes on to GS, taxpayer stuck with bill since AIG can never repay all monies given it).

Such double-dealing is the norm between the financial institutions and the government with the taxpayer being stuck with the bill.

Come to think of it... G. S. will pay the total fine off after one days stock quote.... or maybe 6 hours of business.... Is this a great country or what?

This settelemnt is about 1.5% of what they raked off during the TARP and other bailouts. What a deal for them and what a slap in the US taxpayers face!

Read Michael Lewis' book "The Big Short," to get some idea of Goldman-Sachs double dealing, and you'll join thousands of people who think that there out to be a hunting season on Goldman-Sachs managers and executives.

to all,

instead of "taking to the streets" to TAKE OUR COUNTRY BACK (with those of us who are TEA PARTY patriots), be sure to CHEER WILDLY & chant: OBAMA, OBAMA, OBAMA, until you're hoarse from shouting
BUT
do NOT dare to "look into the corners & under the rug", lest you find out that BHO & the DIMocRATS Party got MASSIVE PAY-OFFS in 2008/2009/2010 from Goldman-Sachs & from the other firms that got "stimulus funds".

still think that the Obama administration's hands are anything but FILTHY, from handling "dirty money"?

yours, TN46

Gross also made the point that a $10 jump in GS's share price between Thursday's opening and today's increased their market cap by $5 billion -- a 900 percent ROI.

Not bad for a day's smirk.

Who is Miller? I'm not fond of Goldman or investment bankers in general, but anybody who followed this story with a modicum of understanding knows the government didn't have a case. It was just grandstanding and muscle.

Fannie Mae and the Congress did lasting damage to neighborhoods, homeowners and the economy by flooding the housing market with easy credit. Wall Steet nicked the big boys who invested in mortgage backed securities of derivitives. I'm still waiting for the investigation of Fannie and the Congress.