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Thursday, April 22, 2010

UK, France, Germany reviewing legal action against Goldman

It's "pile on" time for Goldman. 
It may not be completely fair since they hardly stood alone on their behavior leading up to the crisis but who really wants to defend them in any way? 
The European governments could see this as an opportunity to knock down the firm and move a home grown favorite into the middle of lucrative business. 
Goldman's close relations with government are standing in the way of an election cycle so it could get ugly.

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