Yes, it was "baked in": > The bank already provisioned for most of the charges. Goldman set aside $1.95 billion for legal and litigation expenses in the fourth

Yes, it was "baked in": > The bank already provisioned for most of the charges. Goldman set aside $1.95 billion for legal and litigation expenses in the fourth quarter, and $4.01 billion for all of 2015, more than double the totals for the two previous years combined. In other words, Goldman normally spends about 1 billion dollars a year fighting and/or settling lawsuits. This year they spent 4. That's elect-a-president money, a couple bucks for every person in the US, or a few hundred for every likely voter in a swing state. Normal intuitions about money simply don't apply at this scale.