Goldman Sachs fined record $550 million

Back to the days of the Cowboys, as portrayed on TV in the 1960's.

"Obama speaks with forked tongue". Crucify BP support Goldman is his message LOUD & CLEAR.

Time the government & the EC told the US where to get off!

Stop going to America, stop buying their goods, sanction them.

They only export toxic debt,crime & drugs 7 misery.

The world is better off without them.

Disappointing that GS were not ordered to fully recompense the victims who fell foul of these dishonest products. Understandable however as I recall the foundation for the sub-primes was laid by US politicians, eager for the ghetto vote!

I am gobsmacked that RBS et al were not savvy to the poor quality and risk in such investments! [Due un-diligence?!]

Isn't this history repeating? I recall Midland bank [bailed out by HSBC] suffered from dodgy US investment some decades ago.

Then the US has the balls to kick BP when trying to do an honest job of recovering a mistake and compensating for the unfortunate consequences.

The US does indeed stink!

Chump Change....This is like Bill Gates getting a parking ticket. We can all sleep better knowing that this type of stitch up will never happen again due to the punitive fines eh?......

Pint anyone?

Well hopefully my RBS shares might go up another few pennies!

This is hush money to avoid a full-scale investigation and public exposure by the SEC and Congress.

Once again the giant vampire squid gets off the hook cheaply. You only have to look at the ramified interconnections between Goldman Stinks and the US government's higher echelons to understand why the conspiracy of silence rolls on.

I bet many lower-level Fed lawyers who were itching to tear the veil off these speculators are fuming in frustration. Contrast the shellacking Obama hands out to BP, a company which for all its faults does something meaningful to produce something tangible.

America has become the banksters' prisoner-- its taxpayers held hostage for the misdeeds of a monstrous global operation, which owes nothing to anyone or any country but its own selfish profit. The usurers will drag the USA into the dust.

China, largely autonomous and free from the coils of international finance, looks on and smiles inscrutably.

I read about this case some months back. I have to admit, I was gobsmacked. The fact that we've already bought the moral hazard, making an implicit state guatantee explicit in the most magnificent way leaves me cold. The bonuses which followed the bail-out left me equally depressed. The same bank's role in part financing the sale to the US of a successfull British manufacturing company did nothing to lift my mood. Now they threaten us with 'We'll leave the country if you take steps to protect yourselves from future destruction.'. In the preiod which began with the financial crisis and with no real end in sight, more lives will have been lost, more wealth destroyed, the day to day living of ordinary people made a misery than in any terrorist attack.