SEC SETTLES WITH GOLDMAN SACHS FOR $550 MILLION MAKE CHECK PAYABLE TO THE PEOPLE OF THE UNITED STATES OF AMERICA
I was reading an article stating that the SEC will settle with Goldman Sachs for a grand total of $550 million. This must be approved by a federal judge located in Manhattan New York. However, Big Brother must protect us from the evil doers who were one of the big players in the subprime mortgage scandal. $550 million sounds like a big number when it comes to a settlement. Did you know that Goldman Sacks reported a profit of $13 billion at the end of 2009? They are on course to having another great year in 2010. I have these wise words to say to the American people "ONLY IN AMERICA."
I am sure Goldman Sachs wants to put this behind them. The Government continues to investigate the firm to see what really did happen to create the financial crisis. The Government charged the firm with fraud. Their findings show conflict of interest on their part. The SEC focused on Goldman Sachs to make an example out of them. Hey! someone has to be the bad guy here. They did make a profit of $13 billion in 2009. OK slap me on the hand in the tune of $550 million so I can move on with my life.
This whole subprime mortgage crisis has hurt many people across America. Experts state that we will be in this mess for another three or more years. We have 11 million American households under water when it comes to the value of their home. What does the future hold for us?
Gordon Gekko "GREED IS GOOD FOR AMERICA."
Here is my question "AT WHAT COST?'