18 July 2010

EUROZONE: Now Freezing Out Goldman Sachs After Sovereign Bond Debacles.

GUARDIAN/  ELENA MOYA /      "European governments are turning their backs on Goldman Sachs, the all-conquering investment bank that has suffered a series of blows to its reputation, capped by the biggest ever fine imposed on a Wall Street firm. According to data from Dealogic, Greece, Spain, France and Italy have all denied the bank a lead role in their recent sovereign bond sales."
AND "...governments have also been shocked at the emergence of past transactions between Goldman and Greece and Italy, where products the bank helped to sell aided both in hiding government debt. Greece, which used Goldman in a bond sale this year, is practically at war with the bank."  (L.Blankfein foto)