"The agreement will settle "actual and potential civil claims" by the U.S. Justice Department and the attorneys general of New York and Illinois, as well as the Federal Home Loan Banks of Chicago and Seattle and the National Credit Union Administration, the firm said in a press release issued after the close of trading Thursday.
""We are pleased to have reached an agreement in principle to resolve these matters," said Lloyd C. Blankfein, Goldman's chairman and chief executive officer."
"We didn't cause it, but here's 5 billion - now go away." That's an admission of guilt in my book. And they got off fucking lightly. I'm curious how this money will directly compensate anyone who lost their business or home through the bad stewardship and unregulated risk-taking of banks / companies like G-S - especially anyone outside the U.S.