Will Goldman Sachs (GS: 160.32, 4.9101, 3.16%) settle the now-famous civil fraud case over its disclosures (or lack thereof) to a German bank that bought from the firm a batch of toxic ?It is widely believed that civil suits like this one by the SEC are generally settled out of court with no admission of guilt or innocence. This is going to play out for some time and could be even more politically motivated then some had originally thought.
Yes, of course. There's not a person on Wall Street, including at the senior levels of Goldman, who isn't predicting a settlement.
But that doesn’t mean Goldman is now in settlement negotiations with the Securities and Exchange Commission in the case, as published reports have suggested. In fact, FOX Business Network has learned there are no settlement negotiations taking place and there probably won’t be anytime soon.
Read Charlie Gasparino's article...click here