Will Goldman Sachs settle the now-famous civil fraud case over its disclosures (or lack thereof) to a German bank that bought from the firm a batch of toxic investments?
Yes, of course. There’s not a person on Wall Street, including at the senior levels of Goldman, who isn’t predicting a settlement.
But that doesn’t mean Goldman is now in settlement negotiations with the Securities and Exchange Commission in the case, as published reports have suggested. In fact, FOX Business Network has learned there are no settlement negotiations taking place and there probably won’t be anytime soon.