SEC SETTLES WITH GOLDMAN SACHS FOR $550 MILLION MAKE CHECK PAYABLE TO THE PEOPLE OF THE UNITED STATES OF AMERICA

By
Real Estate Agent with Precision Real Estate Inc. SA535849000

SEC SETTLES WITH GOLDMAN SACHS FOR $550 MILLION MAKE CHECK PAYABLE TO THE PEOPLE OF THE UNITED STATES OF AMERICA

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SETTLE WITH GOLDMAN SACHSI was reading an article stating that the SEC will settle with Goldman Sachs for a grand total of $550 million. This must be approved by a federal judge located in Manhattan New York. However, Big Brother must protect us from the evil doers who were one of the big players in the subprime mortgage scandal. $550 million sounds like a big number when it comes to a settlement. Did you know that Goldman Sacks reported a profit of $13 billion at the end of 2009? They are on course to having another great year in 2010. I have these wise words to say to the American people "ONLY IN AMERICA."

I am sure Goldman Sachs wants to put this behind them. The Government continues to investigate the firm to see what really did happen to create the financial crisis. The Government charged the firm with fraud. Their findings show conflict of interest on their part. The SEC focused on Goldman Sachs to make an example out of them. Hey! someone has to be the bad guy here. They did make a profit of $13 billion in 2009. OK slap me on the hand in the tune of $550 million so I can move on with my life.

This whole subprime mortgage crisis has hurt many people across America. Experts state that we will be in this mess for another three or more years. We have 11 million American households under water when it comes to the value of their home. What does the future hold for us?

Gordon Gekko "GREED IS GOOD FOR AMERICA."

Here is my question "AT WHAT COST?'

 

 

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Re-Bloggged 3 times:

Re-Blogged By Re-Blogged At
  1. Stephanie D'Elia 07/16/2010 08:42 AM
  2. Eric Villaverde 07/17/2010 10:14 AM
  3. Tim Green 07/24/2010 08:49 AM
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Topic:
ActiveRain Community
Location:
Alberta
Tags:
subprime scandal
goldman sachs

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Rainer
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Eric Villaverde
DoubleTree Home Inspection Services L.L.C.

I really enjoyed reading your post today. Keep them coming

July 16, 2010 08:21 AM
Rainer
170,043
Katiejo Franks
Real Estate and Beyond, LLC

Thanks for sharing your thoughts on this subject today. Best to you

July 16, 2010 08:28 AM
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Thanks for the rain

July 16, 2010 08:39 AM
Rainer
100,478
Stephanie D'Elia
Real Estate and Beyond LLC

I loved reading your post today when it comes to this issue. Have a great weeekend

July 16, 2010 08:43 AM
Rainer
106,963
Tim Green
Real Estate and Beyond LLC

I see you posted another interesting article for our pleasure to read. Keep them coming

July 16, 2010 09:10 AM
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Only in America

July 16, 2010 09:44 AM
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Palm Harbor & Dunedin FL Residential Real Estate
Charles Rutenberg Realty

Thanks for putting this post out! These are indeed strange times!

July 20, 2010 08:23 AM
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Great job Barbara--keep reading more will come

July 20, 2010 08:33 AM
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Harry F. D'Elia

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