Now we know what that plea by Goldman Sachs to “end robo-signing” was all about. It wasn’t just the New York banking regulator, but the Federal Reserve which sanctioned Goldman over their foreclosure practices today.

Lots of attention is being paid to the shuttering of Solyndra, a solar company that received federal loans from the Energy Department in the Recovery Act, and took part in a visit by the President last year.

I know it’s hard to believe, but Goldman Sachs is in some trouble. They may not ultimately see indictments of their executives or massive forced payouts of a large chunk of their profits. But the well-researched, well-described Senate Permanent Subcommittee on Investigations report, which partially covered Goldman’s lies to their clients and to Congress, could have serious consequences for the firm.