Goldman Sachs Story Highlights Classic PR Blunder
APRIL 25, 2010
government has launched a fraud lawsuit against Goldman-Sachs for, among other things, misrepresenting to the federal government the company’s losses during the mortgage crisis, and according to the New York Times , “creating a (financial) product secretly designed to fail for the benefit of a favored hedge-fund client.”. It’s not as if Americans like the investment community right now, and this sure isn’t helping. A company must be truthful.