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Letter: No one went to jail for 2008 collapse

File image of Goldman Sachs. (March 15, 2012)

File image of Goldman Sachs. (March 15, 2012) Credit: AP

The article saying Goldman Sachs is to pay $5 billion for its activity during the great mortgage bubble misses the bigger point [“Goldman to pay $5B settlement,” News, Jan. 15].

No one at these large banks has served any time in jail for this activity. In many cases, the people responsible kept their jobs and bonuses. They haven’t seemed to even blush at the horror they caused.

How can we believe and trust a government that allowed this to happen?

Hank Kasven

Syosset

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