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A comment on Goldman Sachs Finally Admits It Defrauded Investors During the Financial Crisis. Parent comment

Re:Goldman Sachs Finally Admits It Defrauded Investors Durin... by jobu on Tuesday April 12, 2016 @05:03PM (#11483563)
The prize for the DOJ in this settlement was an admission of wrongdoing. Theoretically this opens Goldman Sachs up to a lot more lawsuits and damages from private investors that were screwed when Goldman Sachs knowingly sold them mortgage bundles that were doomed to fail.

That said, I'm really surprised the stock hasn't taken more of a hit from this case.

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Re:Goldman Sachs Finally Admits It Defrauded Investors Durin... by chishaku on Tuesday April 12, 2016 @05:12PM (#11483623)
> I'm really surprised the stock hasn't taken more of a hit from this case.

Already priced in long ago. Agreement in principle was made in January.

http://www.goldmansachs.com/media-relations/press-releases/c...

Reserves for these penalties were allocated last year.

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Re:Goldman Sachs Finally Admits It Defrauded Investors Durin... by dotndip on Tuesday April 12, 2016 @09:36PM (#11485070)
Yeah, and stock actually moved up in the short term when this was first announced since a settlement was reached.

http://www.nytimes.com/2016/01/15/business/dealbook/goldman-...

TLDR: Other wall street bank settlements were much greater.

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Re:Goldman Sachs Finally Admits It Defrauded Investors Durin... by yuhong on Tuesday April 12, 2016 @07:51PM (#11484598)
I wish it was common in more than just banking.
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Re:Goldman Sachs Finally Admits It Defrauded Investors Durin... by Taniwha on Tuesday April 12, 2016 @08:38PM (#11484804)
yes let a million lawsuits rain!
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