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When VW lies about its emissions it's a big deal, the stock drops, the public is appalled, the media can't stop talking about it. When GS gets fined $5B it's ju
by bjoernw 11y ago
When VW lies about its emissions it's a big deal, the stock drops, the public is appalled, the media can't stop talking about it. When GS gets fined $5B it's just business as usual.
- fleitz 11y agoThis probably has nothing to do with that :) http://priceonomics.com/porsche-the-hedge-fund-that-also-made-cars/ http://priceonomics.com/porsche-the-hedge-fund-that-also-mad...
- justinhj 11y agoMaybe because VW had somewhat of a reputation for being a good quality car manufacturer that would have no need to cheat and lie about their vehicles. Whereas cheating and lying is a common perception of Wall St firms in general.
- jsprogrammer 11y agoThe former head of GS was US Treasury Secretary during the time these offenses took place. The former NY FRB (during the time these offenses took place) head was US Treasury Secretary in the immediate aftermath and beginning of investigations. The current US Treasury Secretary bet against MBS at Citigroup, which required a massive taxpayer bailout to survive. When you can pull all the strings, you can do as you please.