Fraud Fine Is Chump Change for Goldman

$500M penalty amounts to just 2 weeks of profits

By Kevin Spak,  Newser Staff

Posted Jul 16, 2010 1:56 PM CDT

(Newser) – The SEC is boasting that the $550 million settlement it agreed to with Goldman Sachs is the "largest-ever penalty paid by a Wall Street firm." That may be true, but that doesn't mean it's actually going to chasten Goldman. Top put things in...   Read full story »


NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment