April 29, 2010

LIKE BEN ROTHLISBERGER ACCEPTED HIS SUSPENSION:

Settlement day: After drubbing, Goldman mulling deal with SEC (MARK DeCAMBRE, April 29, 2010, NY Post)

After 11 hours of accusations by members of the Senate Subcommittee on Permanent Investigations, people close to the bank said Goldman is mulling closing the SEC fraud-case chapter on the belief the firm's reputation, already damaged, might not endure a street fight with the Wall Street watchdog.

"It's almost a certainty that there will be a settlement," said a source.

As another person put it, the SEC has an "unlimited supply of ammunition" in the form of e-mails and records that it could release, and Goldman officials would like to avoid having those documents fired back at them the way they were on Tuesday.

Posted by Orrin Judd at April 29, 2010 2:25 PM
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