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By Michael P. Orsi
Independent voices from the The Washington Times Communities
Topic - Michael Duvally
Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.
Goldman Sachs has agreed to pay $22 million to settle regulatory charges that its analysts shared confidential research with favored clients.
Allstate Corp. is suing Goldman Sachs Group Inc., saying more than $122 million in mortgage-backed securities the insurance company bought beginning in 2006 were fraudulent.
Mr. Taylor eventually admitted misconduct and was terminated, Mr. DuVally said.
Taylor's trading didn't affect customer funds, Goldman spokesman Michael DuVally said Friday.