Thursday, April 29, 2010

Goldman Settles Subprime Inquiry

http://online.wsj.com/article/SB124205876553307267.html

Note the date!
How many times can a person be tried for reckless driving before their licence is taken away to drive for the safety of the community?


Goldman Sachs Group Inc. agreed to provide about $50 million in relief to Massachusetts subprime-mortgage holders and pay an additional $10 million to the state to end an investigation of the company.

The state attorney general's office said it appears to be the first time a subprime-mortgage securitizer such as an investment bank has settled a state investigation with a payment.

Massachusetts Attorney General Martha Coakley said at a news conference that the settlement means the office won't pursue any further claims against Goldman. But she said "there are other players whose roles are intertwined, ...