Friday, April 16, 2010

Why the Goldman Story Has Legs

Political legs, maybe. That is what the equity market is worried about.

But this story has legs, folks. First off, Goldman has been feeling heat in recent months amid record profits and revelations of their wild success amid the credit crisis, which hit other Wall Street firms hard. To say the firm had a target on its back, politically speaking, is an understatement. An hour after the suit was filed, Goldman shares were down 13%.

Source: finance.yahoo.com

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