Goldman Sachs settles bad Mass. loans


	Goldman Sachs settles bad Mass. loans

cduck19802002

5-13-2009 12:46 AM

72 views

cduck19802002 says:

Call your state attorney generals and demand that they follow Martha Coakley's lead. If you don't we'll never get our money back from the bank robbers.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d6296658-8b9f-404a-af5d-6c9d3c452a97/CB50E282-1A6C-4FDF-803B-5057B5DA7CEC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/" href="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/" style="font-size: 11px;">marketplace.publicradio.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/">Goldman Sachs agreed to spend about $50 million to write down loans for Goldman mortgage-holders in Massachusetts. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/"> the state of Massachusetts announced a settlement with investment giant Goldman Sachs over the firm's role in the foreclosure crisis. It appears to be the first settlement of its kind, though likely not the last as the state goes after investment banks that knew the loans were bad and bought them anyway. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/">Goldman will spend about $50 million to write down loans for about 700 homeowners whose mortgages are held by Goldman.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/">Goldman Sachs</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/">Martha Coakley has been agressive at going after the players in the subprime debacle. Interestingly, not a lot of other states have been following her lead.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/">Massachusetts attorney general Martha Coakley started investigating the foreclosure crisis </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://marketplace.publicradio.org/display/web/2009/05/11/pm_goldman_sachs/"><P><STRONG class="name">MARTHA COAKLEY:</STRONG> We've made the determination, and our courts have agreed, that many of these loans were unfair. They were destined to fail at the inception.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CB50E282-1A6C-4FDF-803B-5057B5DA7CEC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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