Goldman Sachs Nailed for Umpteenth Abuse, Yet Continues to Set Fed Policy

Goldman Sachs has special ties to the Federal Reserve. Currently, former executives head up the Minneapolis, Dallas, Philadelphia, and New York Federal Reserve branches. Yet just yesterday, the financial behemoth was fined $15 million by the SEC for lending practices that violated federal law. Goldman Sachs agreed to resolve the SEC's allegations -- as usual, without admitting or denying the findings. Here's how this "pay to make disappear" approach has been a routine practice for Goldman for years now... Tags: (NYSE: GS) , Goldman Sachs , Goldman Sachs abuse , Goldman Sachs fed , Goldman Sachs fines , Goldman Sachs SEC To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Goldman Sachs Nailed for Umpteenth Abuse, Yet Continues to Set Fed Policy appeared first on Money Morning - We Make Investing Profitable .