Tuesday, April 12, 2016

Nearly Ten Years After the Fact...

...The Goldman Sachs firm is finally penalized for an act of greed that still tends to take one's breath away. Almost ten year for which they were able to profit from their ill gotten gains, and worse still, paying only a small part of the overall damage they caused over the years after "The Great Recession."

And this is supposed to be an example of the "Leadership" which marked the Obama administration? Nobody at that bank went to jail. They pay a modest percentage of the damage they caused and we are still to believe that this president demonstrated great leadership.

I, for one, fail to see how that could possibly be the case.

Goldman Sachs, U.S. Reach $5B Settlement Over Risky Mortgages