Description: Goldman Sachs Group Inc. may have backed itself into a corner by speaking out quickly to counter fraud claims by the U.S. Securities and Exchange Commission.

Source: Bloomberg.com
 
Date: 05/01/2010

Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=avI7OhdudjWc

Questions for discussion:

• In terms of public opinion, McCormick said, Goldman Sachs has “already been condemned, the question is the price.” Do you agree with this statement?
• What advice would you send to Goldman at this time in order to mitigate the damage done to its current and future net worth?