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.

Comments

How much is Governor

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

ummm

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

More details from the Attorney General's office

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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