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Goldman to Pay Up to $5 Billion to Settle Claims of Faulty Mortgages -

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opednews.com Headlined to H3 1/15/16

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From flickr.com/photos/9106303@N05/2593274211/: Accused Fund Traders and Mortgage Fraudsters Jailed in New Yankee Stadium
Accused Fund Traders and Mortgage Fraudsters Jailed in New Yankee Stadium
(Image by Mike Licht, NotionsCapital.com)
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SETTLING FRAUD: In the early days of the financial crisis, Goldman Sachs received an outsize share of criticism from politicians and the media as its trading desk made money by betting against the housing market in the run-up to the crisis.  But in the end, Goldman’s role in churning out faulty mortgages and securities backed by home loans to borrowers who could not afford them was smaller than that of many other Wall Street firms  As a result, Goldman’s settlement of  of up to $5 billion  is far smaller than the sums paid by other firms s. Goldman is among the last firms to reach a civil settlement 

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side Middle (more...)
 

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