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David Reilly's article scrapes the outer edges of Goldman Sachs being an accomplice, to an estimated $23.7 Trillion bailout of the financial system. Will they have to start a "we're really nice guy's campaign". . . to protect their image and share price or will America wake up?
For starters, most folks aren’t quite sure how Goldman Sachs manages to make prodigious amounts of money. That leads to a feeling the firm must either be taking huge risks, or unduly benefiting from its extensive government connections.
Goldman hasn’t done a good job dispelling such notions and it sometimes makes matters worse. The firm has failed to adequately explain its trading relationship with American International Group Inc. and give a clear sense of whether and how it benefited from the massive bailout of the insurance giant.
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