With the SEC fining Goldman Sachs $550 million dollars, the US government just let one of the most evil institutions in world history off with no more than wrist slap. $550 million dollars of fines is a lot of money...to you and me. But to Goldman Sachs? This company pays it's own employees bonuses each December of between $100 to $150 BILLION dollars. And despite knowingly coming up with the scheme of packaging all those fraudelent mortgages in such a way that they looked AAA, these mortgages had no chance of ever being paid back...even in the first year.
Chalk up another victory for the bad guys!
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