The $550-million settlement with the SEC works out to 2 percent of the $27 billion in cash and short-term securities that Goldman Sachs had on hand as of March 31, according to footnoted.com.
And finally, the one that puts both Wall Street pay and the penalty onto a human scale: Since the beginning of Goldman's 2007 fiscal year, Lloyd Blankfein and four other men (the company's other top-paid officers) have made more than $288 million among them -- or about 52% of the penalty amount. In other words, those five men could probably scrape together enough to pay the fine themselves.



Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.