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Politics : Formerly About Advanced Micro Devices
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To: PKRBKR who wrote (930137)4/12/2016 12:09:09 PM
From: Broken_Clock1 Recommendation

Recommended By
Bonefish

   of 1576829
 
Indeed, Better Markets president and CEO Dennis Kelleher declared in response to the news: "This settlement is a victory for Goldman."

He explained:

First, it got to keep all the ill-gotten gains for the last eight-plus years. Second, a $5 billion settlement is meaningless unless it is publicly disclosed how much money was made from the illegal conduct and the total amount of investor losses. Third, DOJ helped it cover up its illegal actions by letting Goldman merely acknowledge a Swiss cheese ‘statement of facts’ carefully crafted more to conceal than reveal what Goldman really did here. Fourth, Goldman’s net revenue was $37.7 billion and its net earnings were $9.5 billion in 2006 alone, just one year in the midst of this multi-year scheme. Fifth, every single individual at Goldman who received a bonus from this illegal conduct not only keeps the entire bonus, but suffers no penalty at all. Sixth, more than half of the $5 billion appears likely to be tax deductible, meaning U.S. taxpayers will be required to subsidize this settlement.
+++++++

Obama has certainly been the best President ever:

for wall st.

for torturers
for unbridled MIC expansion
for HMO CEOs
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