Comments on: SHOCK: Goldman Sachs Fined Half A Billion By S.E.C.

By: Chris

Chris — Fri, 16 Jul 2010 13:42:04 +0000

yeah GS definitely got the better end of this deal.

By: mw

mw — Fri, 16 Jul 2010 03:36:55 +0000

To gerryf’s point – On a flat day in the market – Goldman Sachs shares were up 4.4% at the end of the day on the rumors of the settlement, then up an additional 5.7% in the aftermarket when the settlement was announced. Tonight Goldman Sachs shareholders and management are smiling ear to ear. [LINK]

EDIT: – Back of the envelope calculation – The company has a market cap of $74B – so up 10% or so on the day – the value of the company increased by about $7 billion on this announcement. Just sayin…

By: gerryf

gerryf — Fri, 16 Jul 2010 02:23:24 +0000

.1 percent — that is .1 percent of GS net worth.

You may be laughing at at GS, but they are laughing at all the rest of us after this “piddly” little fine.

By: Elgee

Elgee — Fri, 16 Jul 2010 00:46:19 +0000

Don’t worry, it’ll be overturned in court.