On Morning Joe this morning, ex-Goldmanite Jim Cramer predicted Goldman would have to pay the largest fine in history (ballpark $2-3 billion) because of the charges brought against the firm by the SEC.
“In order to end this, if it’s a settlement, they will have to pay the largest fine in history,” said Cramer.
His predictions: “$2 Billion, $3 billion [fine] and management may not stay.”
Watch the video:
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