Goldman Sachs Pays $5 Billion To Settle Allegations It Sold Shoddy Mortgages NEW YORK — Goldman Sachs, one of the most powerful investment banks on Wall Street, agreed on Monday to pay $5.06 billion to settle allegations that it sold packages of shoddy mortgages to investors during the period leading up to the financial crisis.
But, similar to other massive settlements reached with large banks over the last few years, no individual bank employee is being held responsible for the alleged bad behavior that led to the settlement.
Max and Stacy discuss that if man is what he hides, as André Malraux said, then the EU is a corporatist, monopolist loving intellectual land-grabber, for the EU hides secret trade deals. They also discuss Prime Minister Shinzo Abe of Japan instructing his coalition not to ‘forcibly’ proceed with ratifying the TPP (another secret trade deal) until after elections this summer as voters are against it. In the second half, Max interviews independent Irish politician and MEP, Luke ‘Ming’ Flanagan, about the top secret TTIP, the Transatlantic Trade and Investment Partnership.