David Dayen explains how a new Goldman Sachs subprime mortgages fraud settlement with the Federal Government is a fraud. Why Goldman is not going to end up paying any actual money. Why Goldman’s punishment is like forcing a bank robber to open a lemonade stand. Who Goldman Sachs ripped off. Why the Federal government benefits but not consumers. Why Goldman Sachs has no reason to stop engaging in unethical behavior. The Living Will provision of Dodd Frank and why banks are to big. Why the to big to fail provision of Dodd Frank is not being acted on. The way to force banks to downsize and would JP Morgan be more profitable to break itself up?

On The Fun Half: What is happening in Brazil? How big a difference between Bernie and Hillary? No porn for North Carolina because of its new anti LGBT bill? David Cameron destroyed in Parliament by Labor MP Dennis Skinner. And your calls and IMs.

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