Goldman Sachs defending its assets

Following news on both big earnings and a fraud suit filed against them by the Securities and Exchange Commission, Goldman Sachs is trying to push back against the kind of publicity that surely inspires some populist rage. In a conference call with reporters yesterday, the company’s general counsel wanted to reassure the public that the firm would never knowingly attempt to defraud its clients. But does this language assuage regular investors, or restore confidence in Goldman’s dealings?

Louise Story, Wall Street and finance reporter for The New York Times says that the banking giant continues to leave out some very important facts when they explain their side of the matter.