I guess I'm cynical but I'm worried that Goldman's takeaway here is to make the financial products, transactions, and their position more complex/opaque in the future.
That's not being cynical. When a fine is less than your profits for breaking the law you are into a sound business model.
Suppose that when you caught a thief the sentence were to return 60% of whatever he has stolen, nothing else. The result is quite obvious. Even if it where 100%, it will still be a good business as you will get away with all the money when you are not caught.
Lloyd said it quite clear "We are pleased to have reached an agreement in principle to resolve these matters,". Of course they are pleased! We are not.
Suppose that when you caught a thief the sentence were to return 60% of whatever he has stolen, nothing else. The result is quite obvious. Even if it where 100%, it will still be a good business as you will get away with all the money when you are not caught.
Lloyd said it quite clear "We are pleased to have reached an agreement in principle to resolve these matters,". Of course they are pleased! We are not.