Thursday, April 12, 2012

It's Chicken Feed To Goldman Sachs

The latest government fine Goldman has to pay is $22,000,000.  You would love to have that amount of money at your disposal. It's chump change for Goldman, they really consider it a cost of doing business.  How else to explain the number of times the firm has been fined or censured by the SEC and other agencies?  The current fine is for giving confidential data to favored customers over a five-year period.  Why doesn't the SEC proceed against the people who have committed these violations?

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