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Did Goldman Sachs Get Off Easy? NYT Editorial

First Posted: 09/20/10 06:12 AM ET Updated: 05/25/11 06:05 PM ET

Goldman Sachs Probe

Next is the more disturbing question: Did the S.E.C. let Goldman off too easy? As has been widely noted, the $550 million settlement, which has been approved by a federal judge, is chump change compared with Goldman's bonus pool, and less even than Goldman's depressed second-quarter profits.

In general, however, S.E.C. penalties are related to the amount of victims' losses, which the agency estimated at $1 billion. A settlement of over half the estimated losses is substantial. And that's not all the S.E.C. got.

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Filed by Ryan McCarthy  |