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Goldman Sachs to put up $50 million to help Massachusetts homeowners screwed by its subprime ways

The Herald reports on a settlement reached with state Attorney General Martha Coakley. The state gets $10 million for its troubles.

Far more details from the Attorney General's office, including the actual settlement agreement.


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Comments

How much is Governor Sub-Prime Mortgage Lender Deval Patrick going to chip in? Or does he get off by pleading incompetence?

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Maybe I'm not following. What did GS actually do to individuals?

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I've added a link to the background files just posted by Coakley's office. I haven't had a chance to look at them myself, but I suspect the answer is in there.

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