Goldman upgraded to buy at B. of A. Merrill Lynch
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Goldman settles for 550MM
- Thread starter atticus
- Start date
Quote from Kassz007:
Saw this one coming. As much as the general public hates him, GS investors must love Blankfein. Pay a small bribe to the SEC to get them off their backs, and in turn the SEC gets to make it look like their "clamping down" on Wall Street. Win-win for both, unfortunately.
IT wasn't a bribe - it was a regulatory "fee" for being a large, successful company. You should be upset how the whole situation went down and the fact this is the new corporate America.
Quote from krazykarl:
IT wasn't a bribe - it was a regulatory "fee" for being a large, successful company. You should be upset how the whole situation went down and the fact this is the new corporate America.
aka bribe.
I am not American and really don't care about the new corporate America.
In any case, the whole situation was a way for the SEC to save face and make it look like their doing something to get back at Wall St., when clearly they aren't.
Quote from Clubber Lang:
$550 million is a weeks worth of equity trading for GS. They made more than $100 million on 35 of the 63 trading days last qtr (including ZERO down days).
This bribe to the SEC was just a way to get some good PR for both the corrupt SEC and the vampire squid Goldman.
yes, I was going to post this as well, they were making $100 million USD profits everyday for several weeks in a row from trading.