The Greedsters Sequels: GOLDMAN SACHS FINED $1.5 MILLION

Monday, December 10, 2012

GOLDMAN SACHS FINED $1.5 MILLION

NYT - Matthew Marshall Taylor was a market trader for Golden Sachs from 2007 to recent times. During his tenure, he is accused of "fabricating" transactions and trades that improperly hid $8.3 billion that translated into $119 million in losses for the firm. Goldman was accused by the Feds for not properly monitoring such trades and fined the firm $1.5 million. A Democrat Commissioner on the Commodity Futures Trading Commission labeled the fine "a token sum" for a firm the size of Goldman. It was pointed out the 60 violations cited could have been reasons for a fine of as much as $7.8 million and would have been more appropriate.

No comments:

Post a Comment

WHAT IS A "GREEDSTER"?

A General description of a "GREEDSTER" is any company, organization or individual for whom "ENOUGH IS NEVER ENOUGH".

"The Greedsters" is a new financial book that is fascinating and easy to read - a must for anybody's library. This 400-page paperback describes the History of Greed in the Western World; Greedsters Today; Greedsters Ponzi Schemes; Greedster Madoff; Greedster Stanford; Greedster Banks; Greedsters on Wall Street; Greedsters on Main Street; Lax Boards of Directors; the Federal Reserve System; and seven pages of Terminology and new financial terms. The book is available for $16.99 at most bookstores, on Kindle and Kindle Fire and other "Readers", from Amazon or directly from The Cherry Creek Co., LLC, 130 Holly Lane North, Plymouth, MN 55447

A Blogsite titled "The Greedsters Sequels" follows up on true stories from the book, "The Greedsters". The book was published with a cut-off date that left many true stories incomplete because of on-going investigations. charges, trials, verdicts and sentencing with appeals possible that could take years to a conclusion. By Posting new developments as they occur, the book can remain current and topical for years, giving the book a life of its own. We will post the Sequels on the Blogsite - it's up to you to keep pace with the stories - at no cost to you. Enter "The Greedsters Sequels" on any search bar of your computer, click "The Greedsters Sequels" on the display page and bingo - there you are. General Greedsters Blogsite information will remain indefinitely but General Postings will advance into an archive after 30 days or so from which they can be retrieved at any time. It costs you nothing to stay informed and your book will never grow old.