Goldman Sachs has finally admitted to committing fraud. Specifically, Goldman Sachs reached a settlement yesterday with the Department of Justice, in which it admitted fraud:Washington's BlogThe settlement includes a statement of facts to which Goldman has agreed. That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted)…
Goldman and Wells Fargo FINALLY Admit They Committed Fraud
3 comments:
Lemme guess, they got clemency for turning state's evidence, & testifying against themselves?
Who get's the munnie? Lawyers?
No different than your usual plea bargain.
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