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Paying this fine won't impact GS at all. In fact, their stock has risen today, albeit financials as an industry are up. Investors will chalk this up as a one-ti
by sna1l 11y ago
Paying this fine won't impact GS at all. In fact, their stock has risen today, albeit financials as an industry are up. Investors will chalk this up as a one-time charge and earnings estimates will be revised down appropriately without any downside.
If the government actually wanted to punish them, the fine would have to be astronomically high. Or, you know, they could actually fix banking regulations.
- jsprogrammer 11y agoIn the article it says GS had previously provisioned about enough money to pay these damages.
- sna1l 11y agoEven better for them
- deleted 11y ago[deleted]