Goldman Sachs Hit With More Sanctions

Posted on September 1, 2011

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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.

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