FSA’s Fine for Goldman Sachs – What Do You Call A Timid Tap On the Wrist?

As reported by Marketwatch:

Wanted: Lloyd 'Smallfine'

FSA’s fine is less than a slap on the wrist: Goldman Sachs’ fines in both the UK & US represent roughly 7% of earnings this year and 4% of last year’s profits. Goldman shares were
not only up nearly 2% in morning trading on Thursday, they’re up 14%
since the end of June.

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