Monday, 11 April 2011
Guilty of serious crime - fined 5p
What a wonderful thing it is to be in Financial Services. After being charged with securities fraud by the US Securities & Exchange Commission Goldman Sachs settled by paying a penalty of $550m. About as big a penalty as an ordinary mortal being fined 5p. They are not alone in pulling off this kind of 'punishment'. Nice work if you can get it.