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May 12, 2009

Subprime Prosecution Lets Goldman Sachs Off Hook

Editors note: Step right up, folks and witness the Grand Capitulations of the Politicians. Watch in amazement as they juggle excuses and flaunt the law. Anybody else think Goldman is getting off easy?

Subprime Prosecution Stops Foreclosures But Lets Goldman Sachs Off Hook
By Ryan Grim, HuffPost

Massachusetts Attorney General Martha Coakley won a victory against the Goldman Sachs Group Monday, forcing the financial firm to cut a $10 million check to the state and pony up $50 million to help around 700 homeowners pay subprime mortgages.

"Goldman Sachs is pleased to have resolved this matter," says Michael DuVally, a Goldman spokesman, declining to comment further.

They were also pleased, no doubt, by the terms in the settlement that allowed Goldman to avoid admitting any wrongdoing. Letting Goldman off excuses what could have been criminal behavior,....

...


Read the full story- Click here
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Posted by Larry Rubinoff at 9:05 PM

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