Legal experts will argue over who got the best deal -- Goldman Sachs or federal regulators -- in the record fraud settlement announced Thursday. But one thing seems certain: The investing public didn't. Goldman agreed to pay $550 million, which pales in comparison to the estimated $1 billion the SEC had alleged that investors had lost in the subprime deal. And although Goldman lost its bid for a global settlement of any civil and criminal investigations, it won its fight to avoid a guilty plea in the settlement.
Who Really Won in Goldman Sachs' Settlement With the SEC?
July 19, 2010