"Media fools" are trying to spin Goldman's (GS) settlement as a victory, Barry Ritholtz writes,...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

"Media fools" are trying to spin Goldman's (GS) settlement as a victory, Barry Ritholtz writes, but it is really a "painful loss" with expensive repercussions likely to last far into the future. For starters, it opens the firm to future liability from all clients who bought money-losing derivatives, which could leave Goldman - and its rivals - constantly under attack. But the biggest question now: Who will the SEC come after next?