Goldman Sachs Fined £20m

Britain’s Financial Service Authority has fined Goldman twenty million pounds.

Goldman kept vital information from the government regulatory agencies in Great Britain, and most certainly from the investing public as well. Goldman Sachs has been involved in the melt down of the Greek economy, unfair home loans in the United States (paying a 60 million dollar penalty), and a wide variety of violation of American financial regulations.

Perhaps someone should catalog the company’s activities around the world. It would seem from many, many news reports that pushing the boundaries of the law and direct law breaking are habits of the company. Considering the firm’s immense financial holdings, these practices could post serious dangers to the American economy.