With the AIG, Goldman, counterparties hearing currently going down, investors are worried that revelations will have a negative impact on the firm.
Obama’s battle against prop trading at banks isn’t helping things either.
Right now, GS is down $2.19 or 1.35%.
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See Also:
- LIVE COVERAGE: Tim Geithner Gets Grilled
- Trade Prop Trading’s Death
- Geithner: It Was "Absolutely" The Right Decision To Pay Out AIG Obligations At 100 Cents On The Dollar