Creative Accounting Could Shave As Much As $1 Billion Off Goldman's $5 Billion Settlement for Creative Accounting
Brendan O'Connor · 04/12/16 07:05AMYesterday, state and federal officials announced a $5.1 billion settlement with Goldman Sachs, resolving accusations that the bank behaved irresponsibly in the lead-up to the 2008 financial crisis. But, the New York Times reports, the deal’s fine print reveals that number may ultimately be much lower.