From Pine View Farm

Goldman’s Sacks 0

Goldman gets out the petty cash.

Goldman Sachs will pay $5.06bn for its role in the 2008 financial crisis, the US Department of Justice said on Monday. The settlement, over the sale of mortgage-backed securities from 2005 to 2007, was first announced in January.

No one’s going to jail. The story does not indicate how much of this will burn into a tax deduction.

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