Why am I not surprised? Suddenly the phrase “top dog” is becoming more and more unappealing. Can GS ever be seen in a positive light again by main street? I used to refer to them often as a great brand story that owned the idea around “rigor” – but not the rigor of behaving like omnipresent pharaohic king. The integrity they touted is now their Achilles heel.
WSJ: U.S. securities regulators are examining whether Goldman Sachs and other financial firms might have violated bribery laws in dealings with Libya’s sovereign-wealth fund.
Enforcement lawyers at the Securities and Exchange Commission are reviewing documents that detail the firms’ relationships with the Libyan Investment Authority controlled by Col. Moammar Gadhafi.