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Is the 5 Billion dollars fine imposed on Goldman Sachs fits the crime?


The government reached a settlement with Goldman Sachs of 5 Billion dollars for deceiving investors about the mortgage derivatives that caused the recession of 2008. As of today, not one person have been charged or gone to jail for the mess that almost destroyed our economic system. Do you think the punishment fit the crime? Why is the government profiting from this?

 

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bradmasterOCcal says

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20 months ago
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    Jack Lee (jackclee lm) 20 months ago

    Yes, but is fines enough to discourage this type of behavior going forward? It seems that if companies profit from these illegal activities and the government profit when they catch them with fines, what is the incentive to stop this?


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