Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

Even though Goldman Sachs and Morgan Stanley failed the so-called ‘stress test,’ to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors. Former financial regulator and NEP’s own Bill Black explains the consequences. You can view with transcript here.

One Response to Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

  1. Bill, you resemble Santa Claus and your gifts to others are intellectual plums. Thanks for your comments on DB. It has been on fraud lists for years. I wait for the day, which may never come, when it is called to account.