New Posts For Thread: Goldman fined peanutshttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanutsBP paying out billions for this oil spill and goldman stole 100's of billions and only fined 550 million? and news reporting it as a great day for justice? WTF?! "US investment bank Goldman Sachs has agreed to pay a mammoth $550 million fine toThey didn't advertise or recommend that debt.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459997057#459997057They didn't advertise or recommend that debt.Mon, 02 Aug 2010 03:10:13 -0500Goldman Sachs haven't been accused of committing any crimes afaik but that's not to say that selling on debt for profit to one company, then advising another company that the very same debts are worth gambling on to fail, isn't wrong.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459535993#459535993Goldman Sachs haven't been accused of committing any crimes afaik but that's not to say that selling on debt for profit to one company, then advising another company that the very same debts are worth gambling on to fail, isn't wrong.Thu, 29 Jul 2010 17:00:52 -0500It's a settlement, not a fine and no it doesn't. It suggests they think it's worth saving more reputational risk by paying it.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459438033#459438033It's a settlement, not a fine and no it doesn't. It suggests they think it's worth saving more reputational risk by paying it.Thu, 29 Jul 2010 04:36:37 -0500I never post on this forum, just lurk. I can't pretend to have any particular knowledge on the subject. But surely accepting a $550 million fine suggests they know they did something wronghttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459310325#459310325I never post on this forum, just lurk. I can't pretend to have any particular knowledge on the subject. But surely accepting a $550 million fine suggests they know they did something wrongWed, 28 Jul 2010 10:41:06 -0500No.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459305141#459305141No.Wed, 28 Jul 2010 10:04:20 -0500Can any of you tell me what you think they did that was illegal?https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459185161#459185161Can any of you tell me what you think they did that was illegal?Tue, 27 Jul 2010 13:51:59 -0500Considering that they'd done nothing wrong, I think that's a generous settlement.https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=459184973#459184973Considering that they'd done nothing wrong, I think that's a generous settlement.Tue, 27 Jul 2010 13:51:09 -0500where would we be if the rich and powerful werent allowed to commit fraud??!https://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=457635105#457635105where would we be if the rich and powerful werent allowed to commit fraud??!Sat, 17 Jul 2010 08:29:57 -0500After thinking about it more, THIS IS A DISGRACE!! so they have been found guilty of fraud and they just get a fine! why arent people being arrested and locked up? it's like me going and robbing a bank for say 1 million and then in court being told ihttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=457578701#457578701After thinking about it more, THIS IS A DISGRACE!! so they have been found guilty of fraud and they just get a fine! why arent people being arrested and locked up? it's like me going and robbing a bank for say 1 million and then in court being told iFri, 16 Jul 2010 19:19:42 -0500settlement a joke should have been ten times the amounthttps://community.betfair.com/tradefair__financials/go/thread/view/94198/25389697/goldman-fined-peanuts?post_id=457563773#457563773settlement a joke should have been ten times the amountFri, 16 Jul 2010 17:15:10 -0500