I'm sorry. I s/f'd this mostly because you spelled 'schmawsuit'. (...and I thought the title was funny. True. But funny.)

But you're not s'posed ta have a sense of humour on ATS apparently. It offends people. *sigh*

I have burrowed into this story, learned everything publically availible and put some serious thought thought into what may occur.

My idea's

1: Goldman will be fine, probably end up better off
2: The 18 other banks banks being investigated will settle with the SEC and investors out of court for fractions of a penny vs. the loses incurred and violations perpatrated. No one will pay attention. MSM or investors. (Example, Franklin templeton just settled for 200 million on a 13 billion loss)
3. Banking regulation will pass through Congress and be signed into law. Unfortunately, it will be so complex that no one employeed by the gov't can understand it and the lawyers and accountant employeed by banks will figure out a way to avoid the new regs.

what can I say, the glass is half empty and was taken away by the bartender. i am beyond cynical or jaded.