Goldman Sachs And Business Ethics First Topic Of ND Lecture Series

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Executive Summary

In July, Goldman Sachs agreed to pay $550 million to settle federal claims that it misled investors in a subprime mortgage product as the housing market began to collapse. The fine was the largest ever levied by the U.S. Securities and Exchange Commission, and it settled at least a portion of the banking giant's legal difficulties. But many critics continue to debate whether Goldman's actions were ethical, and whether the payment of a fine - however large - constitutes justice.

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