Goldman Set to Settle SEC Fraud Case Soon

April 29th, 2010

Maybe they’ll pass the hat around and collect some pocket lint before heading out for martinis.

Via: Reuters:

Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received this week.

The Post report, citing sources familiar with the matter, said Wall Street’s top investment bank was mulling closing the fraud case with the U.S. Securities and Exchange Commission (SEC) to limit damage to its reputation.

Posted in Dictatorship, Economy, Elite | Top Of Page

2 Responses to “Goldman Set to Settle SEC Fraud Case Soon”

  1. ronjondoe says:
    April 29, 2010 at 2:41 pm

    yes, after the public horse whipping these bitches took at the show trial, the decision to settle is unsurprising…I suggest a competition to see how small a fine they pay…my guesstimate:
    $18.2million (.0001% of the AIG bailout….)

  2. bloodnok says:
    April 29, 2010 at 9:47 pm

    Settlements aren’t that far removed from bribes.

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