Matt Taibbi thinks Goldman Sachs is in deep doo doo

[laserhaas]

Link to tweet

In Rolling Stone's new article, - titled -
.

The Malaysia Scandal Is Starting to
look dire for Goldman Sachs

Matt Taibbi says -

A pioneering twist on third-world corruption might be the biggest scandal the Vampire Squid has ever faced

Goldman Sachs, which has survived and thrived despite countless scandals over the years, may have finally stepped in a pile of trouble too deep to escape.

There’s even a Donald Trump angle to this latest great financial mess, but the outlines of that subplot – in a case that has countless – remains vague. The bank itself is in the most immediate danger.

The company’s stock rallied Thursday to close at 165, stopping a five-day slide in which the firm lost almost 12 percent of its market value. The company is down 35 percent for the year, most of that coming in the past three months as Goldman has been battered by headlines about the infamous 1MDB scandal.

Link to the entire Rolling Stone story

https://www.rollingstone.com/politics/politics-news/1mdb_malaysia-goldman-sachs-criminal-charges-772795/

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	Matt Taibbi is one of the bravest journalists
	9 (90%)
	There are Wall Street stories even Taibbi is afraid of
	0 (0%)
	Who cares
	0 (0%)
	Laser and Taibbi are at odds with each other
	1 (10%)
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