This reminds me of the old Meyer Lansky quote when he was taken down for a visit to the Stock Exchange floor - 'I joined the wrong mob' Funny, but so so true at the same time.
Saw this one coming. As much as the general public hates him, GS investors must love Blankfein. Pay a small bribe to the SEC to get them off their backs, and in turn the SEC gets to make it look like their "clamping down" on Wall Street. Win-win for both, unfortunately.
IT wasn't a bribe - it was a regulatory "fee" for being a large, successful company. You should be upset how the whole situation went down and the fact this is the new corporate America.
aka bribe. I am not American and really don't care about the new corporate America. In any case, the whole situation was a way for the SEC to save face and make it look like their doing something to get back at Wall St., when clearly they aren't.
yes, I was going to post this as well, they were making $100 million USD profits everyday for several weeks in a row from trading.