SEC No Match For Government Sachs

Now let me get this straight.  Goldman Sachs (GS), aka “Government Sachs”, has just received the largest penalty ever imposed on a financial firm.  Yes, a whopping $550 million. Relative to Goldman’s 2009 net income of roughly $12 billion, this represents less than 5%, or about two weeks worth of earnings.  In the case of British […]

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