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.