Jim Rickards says Goldman Sachs may go the way of Drexel. He says it may not be the actual finances of Goldman but their reputation that could end them. LINK...
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Folks, if this case goes either way it's not good for the economy and the reputation of the U.S. financial system, too many frauds and deceptions in the market. No body really knows what true value is anymore? This is underlying evidence that economic and political turmoil is a sign that gold will emerge as the asset of last resort. GCC
