Goldman Sachs (GS)

Months after being labeled, among other things, a blood-sucking “great vampire squid” that caused “every major market manipulation since the Great Depression,” Goldman Sachs (GS: 156.75, n.a., n.a.%) is reportedly turning to a well-connected Texas public-relations firm to rehabilitate its image. According to the New York Post, Goldman is using Public Strategies, a firm headed by former George W. Bush and Karl Rove confidant Dan Bartlett, to gauge the bank’s “perception in the marketplace.”
Well that didn’t take long. How funny, only minutes after my previous post about Wall Street PR machines, did this come out from Fox Business news. Short of giving just about all their bonus money to charity, I don’t know how Goldman is going to spin this one. "Perception in the marketplace?" Everyone hates them, that's their perception. GS currently trading @ $156.75 in the pre-market. I wouldn't touch it. Stay tuned.

Feb 23 · 8:43:00 AM · Source: Fox Business
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by Jerry Byrne