In July 2010 those poor billionaire chaps at the bloodsucking firm otherwise known as Goldman Sachs, admitted no fraud and got slapped with a $550 million fine by the SEC. Should have been ten times the money and jail time, but hey, these same guys stiffed us for a trillion in the “banker bailout” two years ago, so who’s counting.
The first $250 million went to Royal Bank of Scotland and the German bank IKB Deutsche Industriebank AG. The other $300 million will go to the US Treasury. Seems fair that some banksters should get half, don’t you think? Glass half full: Any time you deal with a banker and come out with more than half, well hell, you did alright. Continue reading