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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.

Here's how this "pay to make disappear" approach has been a routine practice for Goldman for years now...