21 May 2009

Martha Coakley Must Have Pictures of Them Doing an Underage Goat

Because that's about the only way that I can see that the Massachusetts Attorney General managed to pry $60 million from Goldman Sachs for engaging in deceptive loan and loan securitization processes.

$50 million dollars to the home owners, and $10m in fines to the state, which will reduce principal on, "first mortgages by 25-35% and second mortgages by 50% or more."

Yes, I know, it's a typical "no wrongdoing admitted" deal, but she had to have found an awfully big club to use on them.

I wonder what it was.


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