Jump to content
House Price Crash Forum
Sign in to follow this  
ralphmalph

Under The Coalition Gs Gets Largest Fine Ever!

Recommended Posts

http://www.marketwatch.com/story/goldman-sachs-to-get-hit-with-uk-fine-report-2010-09-08

This is just breaking.

Nu Liebour loved these guys and could not praise them enough.

Thank god we now have sensible people running the country that finethem for abuse as opposed to give them massive pensions and baile them out.

Well done chaps keep up the good work. Now sue that Myners chap for allowing Goodwin to have a massive pension instead of a jail sentance.

Share this post


Link to post
Share on other sites

http://www.bbc.co.uk/news/business-11238897

Wall Street giant Goldman Sachs has been fined £20m ($31m) by the UK City regulator, the Financial Services Authority, the BBC has learned.

The fine is for failing to tell the FSA it was under investigation for fraud by the US financial watchdog this summer.

In July, Goldman settled the fraud charge with the Securities and Exchange Committee by paying $550m (£356m).

The £20m is one of the heaviest fines ever imposed by the FSA, said the BBC's business editor Robert Peston.

Wow £20m the Giant Squid will never misbehave again now.

The banker bonus pool has taken a huge hit with that one.

Share this post


Link to post
Share on other sites

Er they can make that faster than you can blink. Not even a parking ticket in my book.

Edited by Money Spinner

Share this post


Link to post
Share on other sites

Wow the FSA are on the ball...maybe they dont read the papers....EVERYONE knew that GS were under investigation.

Course, the fine was settled with a fast repayment DISCOUNT.

Next time I go to Jail, I expect 20% off the sentence just for turning up.

Share this post


Link to post
Share on other sites

http://www.marketwatch.com/story/goldman-sachs-to-get-hit-with-uk-fine-report-2010-09-08

This is just breaking.

Nu Liebour loved these guys and could not praise them enough.

Thank god we now have sensible people running the country that finethem for abuse as opposed to give them massive pensions and baile them out.

Well done chaps keep up the good work. Now sue that Myners chap for allowing Goodwin to have a massive pension instead of a jail sentance.

Excellent. Fining an entity 0.3% of it's annual income - equivalent, roughly, to a speed camera fine for the average person (minus the points and inconvenience). Well, if that's the penalty for stealing a few hundred million quid, I'm deterred..

Share this post


Link to post
Share on other sites

This just looks like kicking a man when he's down.

Er they can make that faster than you can blink. Not even a parking ticket in my book.

Excellent. Fining an entity 0.3% of it's annual income - equivalent, roughly, to a speed camera fine for the average person (minus the points and inconvenience). Well, if that's the penalty for stealing a few hundred million quid, I'm deterred..

You have to love this website - everyone hates bankers, but even when the bankers are hit by the LARGEST FSA FINE EVER, somehow it is still bad news!!

The fine is not for stealing anyway, it's just a fine for non-disclosure of something that happened in America.

Share this post


Link to post
Share on other sites

You have to love this website - everyone hates bankers, but even when the bankers are hit by the LARGEST FSA FINE EVER, somehow it is still bad news!!

The fine is not for stealing anyway, it's just a fine for non-disclosure of something that happened in America.

A fine has to be proportionate to affordability. Like in Northern Europe where you are fined a % of your income for various things. A few years ago there was somebody who paid the biggest speeding fine ever because of his high income. Similar things should happen here a % of their turn over 5-25% should do it.

Share this post


Link to post
Share on other sites

Adair Turner's just as useless as the previous bloke. FSA are still a pathetic joke.

It just goes to prove crime pays.

Share this post


Link to post
Share on other sites

So under the coalition with one hand they give GS a slap on the wrist and with the other they sell them the keys to the country. This coalition gov't will make GS richer than ever before, mark my words well.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.