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Sacramento prosecutors help force Goldman Sachs to pay $5 billion

Posted By Administration, Thursday, April 14, 2016

The numbers alone are staggering: $13 billion paid out by JPMorgan Chase to atone for its role in the economic meltdown of 2008, and more than $5 billion to be doled out by Goldman Sachs.

Hundreds of millions of dollars from those banking giants will flow back to the pension funds of California’s state workers and teachers, with millions more directed to help distressed homeowners in Sacramento and 24 other Central Valley counties ravaged by the housing collapse.

Read the whole story at SacBee

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