NYP--Goldman Sachs may soon settle its fraud case with the Securities and Exchange Commission, opting to end the legal fight rather than endure a repeat of the public flogging it received Tuesday in Washington, sources familiar with the matter told The Post.
After 11 hours of accusations by members of the Senate Subcommittee on Permanent Investigations, people close to the bank said Goldman is mulling closing the SEC fraud-case chapter on the belief the firm's "shitty" reputation, already damaged, might not endure a street fight with the Wall Street watchdog.
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Well thank goodness the Squid grilling by the Senate has taken place, because they certainly didn't deserve the reputation they've had of late, given all their recent shenanigans. They need to go back to being a partnership so they are on the hook, not the rest of us.
ReplyDeleteThe only good thing that could be said about them this week was "They make money." Make money or make off with money?
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