Posted on 01/14/2016 3:55:05 PM PST by PAR35
The elite Wall Street bank announced on Thursday it reached a $5.1 billion deal to put to rest claims made by the government over its toxic mortgage deals.
...
Goldman said it has agreed to pay a $2.4 billion civil penalty, pay $875 million in cash and provide $1.8 billion in consumer relief.
(Excerpt) Read more at money.cnn.com ...
Pay $5.1 billion...funded by taxpayer bailouts.
Wow. Glad they had enough money left to buy Ted.
Don’t you love it? They give billions back to the federal gov for creating the mortgage mess. That money would be put to better use as interest paid on savings accounts.
Probs a good deal for them given the cash they made off the STUPID PEOPLE in the government that guaranteed a re-sale market for those crappy loans. I don’t believe they did anything wrong, but if they did shouldn’t there have been public trials to demonstrate wrongdoing?
Get ready for more emails from Heidi...this can’t be good for the bottom line.
They paid back the bailouts a long time ago. The US Treasury made a $1.4 billion profit on their short term loan.
Darn. Come Monday we’ll all have a mailbox full of “statement enclosed” funds requests. From Heidi and Ted.
All taxpayer money.... 2008 financial crisis = Biggest swindle in the history of the world.
Why isn’t the government paying them billions for forcing them to make “toxic” mortgages?
HMMMM. So GS gets 10 billion in bail out and only have to pay a 5 billion fine???
Where do I sign up???
Quit using facts and numbers.
Don’t forget Goldman Sachs makes MILLIONS of dollars facilitating welfare transfer payments to the parasite class.
I loathe GS.
They ARE the center stone in the crony capitalist crown.
When do we get to investigate the Federal Reserve for demanding that banks abandon all underwriting standards in the name of the Community Reinvestment Act?
Plus they paid back the $10 billion. And an additional $1.4 billion.
Where do I sign up???
For a loan that costs you 14% of the loan amount, for less than 8 months?
I’m trying to cut back.
OMG. I have 15 from her in my Trash...formerly in Inbox. It's endless.
Is she still “worried sick”? You would think after that GS loan they wouldn’t be so destitute...
Another huge fine to the stock holders of a company. Note the number of Goldman Sucks directors, officers and managers criminally indicted (hint: His Arrogance’s nickname).
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