Wednesday, April 21, 2010


Reuters--German landesbank BayernLB  said on Wednesday it cut ties to Goldman Sachs (GS.N) in response to U.S. regulatory action against the Wall Street bank, the first sign of a loss of business in Germany.

WB7: What this means is this, as far as governments are concerned, who cares if Sullivan & Cromwell think the SEC's case is flawed, why should we or our institutions of trust, trust those who make money by using state-of-the-art financial technology to set investors up for the slaughter?

For Goldman and its shareholders, the answer will be hard to handle.

1 comment:

  1. They deserved that smack. And quite a few more.