Goldman was thinking about suing?
A well-connected source tells us that Goldman Sachs has weighed suing journalist Matt Taibbi because of his recent criticisms of the bank, most notably his lengthy piece in Rolling Stone, “Inside The Great American Bubble Machine.”
This is via Business Insider. Apparently Goldman has weighed suing me for… well, I’m not exactly sure what the grounds would be. Being annoying? Covering finance without a nice enough tie?
I seriously doubt they would do something like this, but if they actually have considered such a step, that says a lot about their mentality. If the bank really wanted to defuse controversy at a time when people are pissed at Wall Street they could have juggled their second-quarter profit numbers to make them look less obscene, or announced even a nominal loan forgiveness program for some of their notorious subsidiary Litton’s struggling customers, something like that. Instead… well, we’ll see if this is true. I doubt it.