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Was Goldman Sachs responsible for the 2008 crisis?

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But it's unlikely to quell critics that say the government hasn't done enough to punish bankers in the wake of the financial crisis. ... read more

You are, of course, Goldman Sachs. On October 15, 2007, as the crisis had begun to unravel, Allan Sloan, a senior editor for Fortune magazine, said: "So let's reduce this macro story to human scale. read more

Goldman Sachs is the fifth bank to reach a multibillion-dollar settlement with the Department of Justice in relation to subprime mortgages during the Great Recession. Other bank settlements include $13 billion with J.P. Morgan Chase; $16.6 billion with the Bank of America; $7 billion from Citigroup; and $3.2 billion from Morgan Stanley. read more

Goldman Sachs will pay $5.06bn for its role in the 2008 financial crisis, the US Department of Justice said on Monday. The settlement, over the sale of mortgage-backed securities from 2005 to 2007, was first announced in January. read more

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