Goldman, Another Serial Offender, Pays Fine For Stealing Info From Fed

Speaking of serial offenders that are members of an oligopoly, Goldman Sachs announced earlier this month that it had paid a $36.3 million fine for stealing, using, and distributing confidential regulatory information including documents and upcoming enforcement actions. The case involved two Goldman employees who received this confidential material and then used it to enhance Goldman business activities. Needless to say, Goldman was happy to put this incident in the rear view mirror as the fine represents only 0.1% of their 2015 earnings. That’s a pretty nice return for stealing information from the Federal Reserve. I repeat, when are we going to finally do something, anything, that will keep the serial offender companies from continuing to break the law.