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Gasparino Says Goldman Settlement Likely To Be Between $1-$5 Billion (GS)

Fox Business News’ Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) will likely settle the civil fraud case brought against the firm by the SEC for between $1 billion and $5 billion.

Goldman (GS) has been accused of misleading clients with regard to a synthetic CDO that the firm structured at the behest of hedge fund Paulson & Co. and subsequently sold to a German bank. Paulson took the short side of the trade.

Above is the 5 minute Line chart ,Just while updating look its freefall in stock.

Just see my targets for these stock ,I had written last week.Search now.

Updated at 20:36/6th May/Baroda