Goldman Sachs Hit With More Sanctions

Posted on September 1, 2011


Federal Reserve Sanctions Goldman Sachs

Goldman Sachs is being sanctioned by the Federal Reserve related to illegal mortgage practices, specifically robo-signing. Robo-signing is when a person signs affidavits used in a foreclosure case using someone else’s name. Often these employees of banks or law firms will sign hundreds of documents in a single day – with someone else’s name.