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Goldman negotiating $1.25bn settlement over mortgage bonds -- report

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Mortgage Professional America | 29 Jul 2014, 08:26 AM Agree 0
Goldman Sachs is reportedly negotiating a settlement with the government that could cost the bank up to $1.25 billion
  • Stan Btrody | | 29 Jul 2014, 10:16 AM Agree 0
    Let me get this correct... Goldman Sachs, along with the other wall street investment banks effectively created the sub-prime market... then, in return for asinine fees, got the "rating agencies" to hold their combined noses, and issue AAA and AA+ ratings on the pools of mortgages it knew were bogus... not to mention obtaining equally corrupt CDO's (mortgage insurance) from the ilk of AIG... thereby laying the groundwork for the current depression... and our government is about to celebrate a $1.25Bn settlement... this amounts to chump change... and we are the chumps...
  • sick of the Greed | | 29 Jul 2014, 11:18 AM Agree 0
    Time to pay the piper. No sympathy for crooks.
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