Why Did Goldman Sachs Have to Pay a Fine of Half

question 101

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 Democratic president Obama.
• E) It had failed to reform its management and business practice in the wake of the mortgage crisis.

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Definitions:

Relational Aggression

A type of aggression in which harm is caused through damage to relationships or social status rather than physical violence.

Social Standing

The position or rank of a person or group within the social hierarchy, often influenced by factors such as wealth, occupation, education, and family background.

Laboratory Experiments

Controlled experiments conducted in a lab setting where variables can be manipulated and measured to determine cause and effect.

Gender Bias

The inclination or prejudice toward one gender over another, leading to unfair treatment or assessment.