OPINION
George M. Mangion
Another bank bites the dust
It does not rain but it pours when financial scandals are concerned. The bitter paradox is that the bad news about Goldman Sachs comes at a time when the global stock market is at a year’s high albeit the European market is hanging in the balance of the Greek debt crisis which may also spark a new credit contagion. Goldman is being criticised by European politicians including Germany’s ruling Christian Democrats, who have questioned whether the bank did help Greece conceal its deficit to comply with the EU’s currency membership criteria.>>