"Goldman Sachs Is Far Too Important For Criminal Charges, Could Threaten U.S. Financial System": Brad Hintz
Video - Banking Analyst Brad Hintz loves him some Goldman Sachs - June 2011
Cue the violins.
Following the theme of Matt Taibbi's piece published today, we present this clip of banking analyst and Goldman sycophant Brad Hintz telling Bloomberg:
- “If an alleged violation is identified during a Goldman investigation, we expect a reasoned response from the Justice Department. In a worst case environment, we would expect a ‘too big to fail’ bank such as Goldman to be offered a deferred-prosecution agreement, pay a significant fine and submit to a federal monitor in lieu of a criminal charge.”
Goldman Sachs won’t face criminal prosecution related to sales of mortgage-linked securities because such a move could threaten the U.S. financial system, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.
The U.S. Department of Justice, which is reviewing a Senate subcommittee report that alleged Goldman Sachs misled clients before the financial crisis, will avoid jeopardizing the fifth- largest U.S. bank by assets because it’s viewed as “too big to fail,” according to Hintz.
Continue reading at Bloomberg...
Reader Comments (8)
Has corporate coddling prevented corporate crime? Hahaha. Hintz sez corporate criminals, if they're important enough, should be, "offered a deferred-prosecution agreement, pay a significant fine and submit to a federal monitor in lieu of a criminal charge.”
"Effin moron. I rob a bank. You offer to prosecute me next century, have my neighbor pay a fine on my behalf, and have me sign a completely worthless piece of paper saying I won't do nothin bad ever again. The road to ruin is strewn with the wreckage of Corporate Integrity Agreements and they don't work any more than waving papers at the Russian mob would stop them from taking over the country.
Read more: SEC Said to Have Destroyed Files on Probes of Banks, Hedge Funds
Important: Can you afford to Retire? Shocking Poll Results
http://www.moneynews.com/Headline/sec-wallstreet-probe/2011/08/17/id/407746?s=al&promo_code=CDB8-1