Friday, April 30, 2010

Goldman Sachs: Death Spiral?

Oh were it to be true that the plunging shares of Goldman Sachs would be a mere prelude to its collapse. That would be wonderful justice to this rogue firm. Its stock is off 14% to 146.00 on news that a criminal investigation has been launched. The SEC filed civil fraud charges last week and referred to the U.S attorneys office its facts on GS for possible criminal prosecution.

Financial service companies can literally disappear overnight if they lose their credibility- witness Bear Stearns and Lehman Brothers. Goldman profited from Bear Stearns and Lehman's demise. What goes around comes around. An extra bonus would be a lessening flow of donations to the Zionist criminal enterprise a.k.a. Israel.

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