3 ms·
What would be a fair price in your view?
by shimon 11y ago
What would be a fair price in your view?
- emidln 11y agoIf the penalty isn't higher than the derived value, it's not a penalty, but a cost of doing business.
- jimbokun 11y agoOK, so what was the derived value?
- chillydawg 11y agoShareholders and directors paying that money out of personal wealth. To be honest, I don't know whether it actually was a bargain, but it probably is. Goldman seem to make vast sums of money and routinely factor in 11 digit legal bills as a matter of course. They appear to break the law knowing that their eventual bill will be considerably less than their overall profits and even better - no one has to go to jail.
- cmsmith 11y agoThe shareholders are paying out of their personal wealth. This was expected and already priced into the stock.
- eplanit 11y agoWell they were bailed out with $10B plus lots of other props[1]. Some significant portion [some might say all + interest] of that would seem fair. [1] https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Goldman_Sachs
- marnett 11y agoWhen will people stop talking about the "bailout." It was a relief fund. Goldman paid the 10B back in ONE year. TARP turned a profit. When will you stop living in 2008?
- deleted 11y ago[deleted]
- SeanDav 11y ago3x Revenues for the years in question. The current penalty is not much more than a slap on the wrist, because even after paying the fine Goldman Sachs makes a profit from the business for the years in question. People see Billions and think the fine is significant, but unless the fine is linked to actual income, it is fairly meaningless.
- frandroid 11y agoWe'll get an idea of how others think of the value of this settlement by how the stock price moves after this...
- kafkaesq 11y agoFelony convictions, jail time, and a life-long industry ban for the perpetrators. In addition to the fines of course. And if there are repeated violations, dismantling of GS as a corporate entity + nationalization of its assets would be a good place to start.
- jessaustin 11y agoGS is a corporation, an entity that exists at society's pleasure. When society grows displeased at the antics of habitual corporate offenders, society should impose a form of bankruptcy, in which the corporation ceases existence and its assets are divided among lenders and victims. The norms of corporate governance would change, swiftly.
- EdHominem 11y agoJail for everyone who demonstrated a conflict of interest. Total recovery of lost funds by selling off assets of the guilty.