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3 billion in pretax losses — off the textbooks. At the same time, the bank introduced a very suspicious $1.8 billion revenue for the first quarter of 2009 — which apparently incorporated a significant chunk of cash funneled to it by taxpayers by using the AIG bailout. "They cooked Those people very first quarter outcomes six methods from Sunday," claims 1 hedge fund manager. "They hid the losses while in the orphan month and known as the bailout money gain."
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" In 2005, Goldman agreed to pay for $40 million for its laddering violations — a puny penalty relative to the enormous revenue it built. (Goldman, which has denied wrongdoing in all the conditions it has settled, refused to reply to thoughts for this story.)
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