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Friday, May 27, 2011

Goldman Is Now A Bigger Credit Risk Than Citigroup


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Friday, May 27, 2011
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Goldman Is Now A Bigger Credit Risk Than Citigroup

This chart is getting a lot of buzz today, and the lesson is obvious...

Thanks to ongoing legal and reputational concerns, the CDS market suggests that Goldman is now a bigger credit risk than Citigroup -- once the poster child of a "bad bank."

Among other things, the company is waiting for a subpoena, and just got trashed by Matt Taibbi. Read »


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