Did we get a good deal from Goldman Sachs?

[Smiler.]

Just listening to this on R4. The report suggested that GS did not have to admit that they were wrong, but that they failed to properly explain the terms & conditions of the deals, & that's why they were fined.

http://www.telegraph.co.uk/finance/newsbysector/ba...


Did they get off too lightly?

[anonymous-user]

Smiler. said:

Just listening to this on R4. The report suggested that GS did not have to admit that they were wrong, but that they failed to properly explain the terms & conditions of the deals, & that's why they were fined.

http://www.telegraph.co.uk/finance/newsbysector/ba...


Did they get off too lightly?

it was a shakedown. sec settled, imo, because their case was pathetic.

[Fittster]

I can't see the point.

If they are innocent it is wrong.

If they are guilty it isn't a big enough penalty to change their behaviour in future.

[anonymous-user]

Fittster said:

I can't see the point.

sec has never recovered from madoff. the politicians own them. the public hates gs. the gs senate hearings were set a couple of days before the first finreg vote. 300m is a nice little earner. its so transparent its painfull.

[Smiler.]

fbrs said:

Fittster said:

I can't see the point.

sec has never recovered from madoff. the politicians own them. the public hates gs. the gs senate hearings were set a couple of days before the first finreg vote. 300m is a nice little earner. its so transparent its painfull.

A guy from the US on the R4 report this morning said RBS were lucky to get what they did.

I bet they-re not busting out the champers