April 22, 2010

Is Goldman Sachs (GS) Going To Lose Clients?

Very interesting article on how Germany and some other clients may stop doing business with Goldman Sachs (GS).

"Let's put it this way: The clouds are gathering over Goldman's head and at this point it is almost irrelevant whether the actual criminal allegations of the SEC will stick or not. Whatever happened to "innocent until proven guilty"? True. But it's not that simple, is it?

Somehow "innocent until proven guilty" does not work in the financial community and in the markets. The list of companies (or indeed countries) that rammed against icebergs of financial speculation and sank faster than the Titanic is long and getting longer every day. The bankers at Goldman should know that better than anybody else." Silvia Wadhwa


Another interesting view on Goldman Sachs`(GS) case is Peter Schiff`s:

"I don`t know if there is any validity to it or not, but it looks like Goldman Sachs (GS) has done something wrong" in Peter Schiff`s video blog

Related Stocks: Goldman Sachs Group, Inc. (Public, NYSE:GS)

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