PEU Report: SEC Settlement: Goldman Sachs Follows JP Morgan

Thursday, July 15, 2010

SEC Settlement: Goldman Sachs Follows JP Morgan

Two Wall Street giants settled investigations with the Securities and Exchange Commission.

Goldman Sachs - $550 million
JP Morgan - $722 million

Goldman admitted it made "a mistake" as part of its settlement. JP Morgan's settlement had the company neither "admitting or denying the allegations."

Robert Wenzel of Economic Policy Journal has an interesting view of the Goldman case and its many coincidences.

Testimonials

The PEU Report is absolutely brilliant and has given me faith that someone out there has noticed what is going on in the world. --Ex-Bloomberg reporter

I really can't say enough how much I enjoy your commentary on PEU. You manage to dig into the details and sum it up in a way that is so succinct and entertaining.-Ex-Bloomberg reporter

When Tim Geithner, the former Treasury secretary, takes over as president of Warburg Pincus, the private-equity firm, even a high-school dropout can discern a pattern.-Another person who noticed