Experts are calling Goldman Sachs $ hundreds of millions of dollars mortgage settlement over accusations of wrongdoing prior to the financial crisis as just "window-dressing", since buried in the fine print are provisions that will allow the bank to pay hundreds of millions of dollars less, perhaps hundreds of millions of dollars , than the headline figures, and that is before the tax benefits of the deal are included. Though deals with other banks have contained some of these concessions, Better Markets' has negotiated an even better deal on certain points. "They appear to have grossly inflated the settlement amount for PR purposes to mislead the public, while in the fine print, enabling Goldman Sachs to pay 50% - 75% less", according to Goldman Sachs Eric T. Schneiderman .
Experts are calling Goldman Sachs $5.1bn mortgage settlement over accusations of wrongdoing prior to the financial crisis as just "window-dressing", since buried in the fine print are provisions that will allow the bank to pay hundreds of millions of dollars less, perhaps as much as $1bn, than the headline figures, and that is before the tax benefits of the deal are included. Though deals with other banks have contained some of these concessions, Goldman Sachs has negotiated an even better deal on certain points. "They appear to have grossly inflated the settlement amount for PR purposes to mislead the public, while in the fine print, enabling Goldman Sachs to pay 50% - 75% less", according to Better Markets' Dennis Kelleher.