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Goldman Sachs To Escape Almost All Responsibility For Causing Recession

By Call it Crazy   Follow   Tue, 8 Jan 2013, 2:12pm   353 views   4 comments
In Menlo Park CA 94025   Watch (1)   Share   Quote   Permalink   Like   Dislike  

Goldman Sachs Group Inc. (GS), Morgan Stanley and two other banks may agree as soon as this week to settle claims over botched foreclosures in an accord similar to one reached with 10 loan servicers yesterday, two people briefed on the discussions said.

The agreement, also involving HSBC Holdings Inc. (HBC) and Ally Financial Inc. (ALLY), would end case-by-case reviews of foreclosures under earlier accords with the biggest mortgage servicers, said the people, who declined to be identified because the talks are private. The Federal Reserve-led discussions specified at least $1.5 billion in cash and assistance for borrowers, one of the people said.

http://www.bloomberg.com/news/2013-01-08/goldman-sachs-said-to-be-part-of-fed-led-foreclosure-settlement.html

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1. C Boy Follow Befriend 1 threads 213 comments Arlington, TX

   1   6:25am Thu 10 Jan 2013   Share   Quote   Permalink   Like   Dislike   Is there anything Goldman can't do and get away with? Bankers make our justice system into a complete mockery. They will eventually destroy our country.

2. Lam Follow Befriend 53 comments

   2   10:03am Thu 10 Jan 2013   Share   Quote   Permalink   Like   Dislike   C Boy says Is there anything Goldman can't do and get away with? Bankers make our justice system into a complete mockery. They will eventually destroy our country. Goldman Sachs are just doing G_d's work, according to Blamkfein.

3. fedwatcher Follow Befriend 120 comments Sunnyvale, CA

   3   10:26pm Sat 12 Jan 2013   Share   Quote   Permalink   Like   Dislike   Goldman has already destroyed our country. We just have failed to recognize it.

4. Entitlemented Follow Befriend 5 threads 198 comments Goleta, CA

   4   10:27pm Sat 12 Jan 2013   Share   Quote   Permalink   Like   Dislike   So is it feasible that Tim goes back to GS?