Matt Taibbi on Goldman Sachs Settlement

Friday, July 16, 2010

Contributing editor at Rolling Stone Magazine, Matt Taibbi weighs in on whether the punishment for Goldman Sachs is adequate. The financial giant mislead subprime mortgage investors as the housing market began to collapse. The settlement seems significant, however, it's not that much money for Goldman and, pending approval by a federal judge, the settlement will clear the company of the charges. 

However the question remains: If no one is personally held accountable, will fraudulent business practices ever cease to exist?  Matt Taibbi says that part of the problem is that "when these things happen, the leadership isn't prosecuted, no one goes to jail."


Matt Taibbi

Comments [1]

Bob Wilson

Did you catch Andrew Ross Sorkin's article in today's NY Times? Seems like it might be time for the Takeaway to provide an update to some of the previous commentaries discussed.

Jul. 27 2010 11:01 PM

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