Why Did Goldman Sachs Have to Pay a Fine of Half

question 34

Multiple Choice

Why did Goldman Sachs have to pay a fine of half a billion dollars in 2010?

• A) It had underwritten most of the subprime mortgages during the real estate boom.
• B) It had failed to document its business structure to the Securities and Exchange Commission.
• C) It had knowingly sold toxic mortgage-based securities and then bet on their failure.
• D) It had illegally financed the presidential campaign of Barack Obama.
• E) It had failed to reform its management and business practice in the wake of the mortgage crisis.

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Definitions:

Compulsory Mass Education

The legal requirement for children to attend school up to a certain age, typically aimed at providing basic education to all segments of society.

Countries

Politically defined territories that possess their own government, laws, and sovereignty.

Educational Attainment

Refers to the number of years of school students complete.

Years Of School

The total number of years that an individual has formally attended educational institutions, including both primary and secondary education.