Upside Down Mortgage

Subprime Mortgages 2009

Question: Do you think that a payment of $50 Million is enough for Goldman Sachs to pay for the subprime debaucle?

Basically, they settled to pay $50 Million to be divided up by 700 homeowners to help make their mortgage payments:

http://www.huffingtonpost.com/2009/05/12/subprime-prosecution-stop_n_202630.html

But 5 of their CEO's made about $64 million EACH in pay, bonuses and stock options in fiscal year 2007 (and that's after their supposed cutbacks):

http://dealbook.blogs.nytimes.com/2008/03/07/goldmans-golden-five-what-they-earned/

They also recieved BILLIONS of dollars in Government bailout money.

Is this really a settlement or a joke?

Answer: I hope people will take the time to look into this and get involved. The Government is allowing Banks to get away with robbery:

http://www.pbs.org/moyers/journal/04032009/watch.html

Bailed Out Banksters Screwing Hookers, Using Company Credit Cards! 2/9/2009

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