NY Post: Goldman Sachs gets punched in the crotch

[laserhaas]

Lost in the clutter, banter and poor decorum of yesterday, is the New York Post article about a quiet Lord (I mean Lloyd) Blanfein seeking relief from "Goldman Sachs punch in the crotch", where journo Kevin Dugan notes that Sachs suchs in a loss of profit down to $1.14 Billion for the 1st quarter, from $2.84 Billion.

Let's all have a pity party of $uchs

As for moi, I"m still out to get Goldman $achs indicted.

just sayin.......

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0 votes, 0 passes | Time left: Unlimited
	Goldman Sachs will always be Above the Law
	0 (0%)
	Dept of {In}Justice loves the revolving door with Wall Street
	0 (0%)
	Wall Street fraud & secrecy is O.K. just look at the transcripts (whoops)
	0 (0%)
	Hill & Bill never met a speech dollar they didn't adore
	0 (0%)
	$uchs says "We broke the Law - So Fine Me" (heh heh)
	0 (0%)
	We Don't know where that FINE monies really go
	0 (0%)
	$achs deserves a break - they do a corrupt country good
	0 (0%)
	All of the Above
	0 (0%)
	Laser should be careful, Sachs may toss him off the roof
	0 (0%)
	0 DU members did not wish to select any of the options provided.
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[think]

1. Goldman Sachs admitted defrauding it's clients. Got a fine. No one went to jail....

http://fortune.com/2016/04/11/goldman-sachs-doj-settlement/

No consequences, no justice in Goldman Sachs settlement

BY PHIL ANGELIDES
Special to The Bee

The U.S. Department of Justice last week announced with great fanfare a settlement under which Goldman Sachs would ostensibly pay out more than $5 billion for misconduct related to its sales of mortgage securities to investors in the run up to the 2008 financial crisis.

It’s now clear from a review of the settlement that Goldman Sachs likely will pay much less in penalties than the Justice Department claims, due to special credits included in the deal and, unbelievably, tax deductions Goldman Sachs will receive for payments it makes under the settlement.

Disturbing as this may be, what’s most troubling is that this settlement agreement – like previous deals between the Justice Department and big financial institutions – contains no consequences for the executives who drove or condoned wrongdoing. As a result, it will not deter future financial lawbreaking and will further undermine the public’s faith in the fairness of our legal system.

In September 2010, at a public hearing held in Sacramento, the Financial Crisis Inquiry Commission released key evidence it had obtained that showed that major financial institutions, including Goldman Sachs, included significant numbers of clearly defective loans in mortgage securities they were peddling to investors and then misled investors about the quality of loans in those securities.

Read more here: http://www.sacbee.com/opinion/california-forum/article71877727.html#storylink=cpy

[Glassunion]

2. Don't forget they'll get (yet another) tax rebate...

They can claim a deduction on the $5bil fine.

[think]

3. Sad. isn't it. That's suppose to be justice.....

[laserhaas]

4. I emailed Phil, after the radio rant he did on this, on Sunday

Our eToys case proves everything everyone - including Bernie & Warren - are saying.

Sachs breaks the law - openly

It doesn't care, have any fear, about being investigated or prosecuted

Revolving doors of Justice Dept. with Wall Street, assure "these guys" stay 'Scot Free'