"Last week Goldman Sachs agreed to pay a $550 million (£360 million) fine to settle accusations by the US regulators that it misled investors over a mortgage-backed security. It followed claims that the investment bank had - among other things - helped Greece to hide the true level of its indebtedness, played a key role in the 2008 US banking crashed and behaved like a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money" (Rolling Stone magazine)." (Times, 21 July) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
No comments:
Post a Comment