Sunday, September 16, 2012

Goldman Sachs Takes a Cash Penalty

It seems that the last bit of justice in the system lies with the individual decisions of judges.  Judge Leo Strine describes Goldman's behavior as "furtive" and "troubling."  However, Goldman always prefers to pay up rather than fight.  Jury justice would be more encouraging.

Goldman at last gets a conflicts comeuppance
By Reynolds Holding - Reuters Breakingviews
. . . .
Faced with the unseemly facts that Goldman owned $4 billion worth of Kinder Morgan while advising El Paso and that one of its bankers also held a $340,000 stake, Delaware Judge Leo Strine meted out his own particular form of justice. He allowed a vote on the acquisition to go forward, despite attempts to stop it, but lambasted Goldman’s behavior as “furtive” and “troubling” and urged shareholders to pursue their lawsuit.

Read the whole article here

2 comments:

  1. Laser HaasSeptember 16, 2012 at 6:02 PM

    Keep paying attention to my fight against Goldman Sachs, Bain Capital and Mitt Romney.

    http://www.dailykos.com/story/2012/09/16/1132577/-Putting-My-wee-little-foot-up-the-Arse-of-Goldman-Sachs-1-Kick-at-a-time 

    ReplyDelete
  2. JEHRSeptember 17, 2012 at 2:47 PM

     You certainly have to be admired for your tenacity!

    ReplyDelete