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Goldman Sachs Nailed for Umpteenth Abuse, Yet Continues to Set Fed Policy
Goldman Sachs has special ties to the Federal Reserve. Currently, former executives head up the Minneapolis, Dallas, Philadelphia, and New York Federal Reserve branches.
Yet just yesterday, the financial behemoth was fined $15 million by the SEC for lending practices that violated federal law. Goldman Sachs agreed to resolve the SEC's allegations -- as usual, without admitting or denying the findings.
Goldman Sachs has special ties to the Federal Reserve. Currently, former executives head up the Minneapolis, Dallas, Philadelphia, and New York Federal Reserve branches.
Yet just yesterday, the financial behemoth was fined $15 million by the SEC for lending practices that violated federal law. Goldman Sachs agreed to resolve the SEC's allegations -- as usual, without admitting or denying the findings.