While major U.S. banks are cleaning up their books, the shadow banking system is dirtying its hands
This is a marketplace.org article.
The U.S. Justice Department has announced Goldman Sachs has agreed to pay more than $5 billion for its role in the home mortgage crisis.
It’s the fifth, and perhaps final, U.S. bank to settle up with the government.
Part of the penalty is earmarked for underwater homeowners, distressed borrowers and communities hit hard by the mortgage meltdown.
PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”