Showing posts with label Massachusetts Attorney General Martha Coakley. Show all posts
Showing posts with label Massachusetts Attorney General Martha Coakley. Show all posts

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, ...