I am Lovin It! Goldman Sachs Out In Europe And 82% DROP In Revenues Last Quarter! YEAH - I hope it is the Start of the TAKE DOWN of Goldman Sachs!

I LOVE the 2 news articles out about Goldman Sachs!!

First Goldman Sach's Revenue was DOWN by 82% this last quarter! 

Goldman Sachs Group Inc. said second-quarter profit dropped 82 percent, missing analysts’ estimates on a slide in trading revenue five days after settling U.S. regulators’ fraud allegations. 

Net income fell to $613 million, or 78 cents a share, from $3.44 billion, or $4.93, a year earlier, New York-based Goldman Sachs said in a statement today.

Love the Article above... Now today it comes out that Europe is Freezing OUT Goldman Sachs!!
 


Small portion:

European governments are turning their backs on Goldman Sachs, the all-conquering investment bank that has suffered a series of blows to its reputation, capped by the biggest ever fine imposed on a Wall Street firm.

According to data from Dealogic, Greece, Spain, France and Italy have all denied the bank a lead role in their recent sovereign bond sales.

Last Thursday, Goldman agreed to pay a $550m fine to settle US regulators' claims that the bank misled investors in a mortgage-backed security. Goldman admitted that its marketing materials were incomplete, because they failed to state that the same third party that helped choose the assets had taken a bet against them.

But governments have also been shocked at the emergence of past transactions between Goldman and Greece and Italy, where products the bank helped to sell aided both in hiding government debt. Greece, which used Goldman in a bond sale this year, is practically at war with the bank. A sharp contrast with the situation months before, when Goldman bankers dined with the prime minister in a private meeting overlooking the Acropolis. The relationship broke down, though, after news leaked earlier this year that Goldman was about to strike a bond sale deal with China's sovereign fund – which never materialised.

I hope this keeps going - Goldman Sachs Really Needs to be Taken DOWN!  But the problem is they are the ones Running the U.S. Govt's Finances.  All in the administration and the PRIVATE Bank of the Federal Reserve are Previous Goldman Sachs people.  So Goldman Sachs will be Protected in Every way possible.  So it may be up to the individual investors and other Governments to Hopefully Take them down by refusing to have anything to do with them.  Will that day come?  I can only Dream!