From CBS News here:
WASHINGTON – Goldman Sachs (GS) has been ordered to pay $120 million to settle federal regulators’ charges that it deliberately manipulated a global benchmark for interest-rate swaps to its advantage.
The U.S. Commodity Futures Trading Commission said Wednesday that several Goldman traders, including the head of the bank’s Interest Rate Products Trading Group in the U.S., used trades and false reports to manipulate the benchmark between 2007 and 2012.
Between 2007-2012 when they were in the midst of being bailed out by the American taxpayer? What a fantastic collection of greedy assholes, it’s really quite something.