Financials Dropping On Goldman Sachs Subpoena, Moody's Watch

Just what the market needed was more bad news. Goldman Sachs

shares are dropping on news that a Manhattan Prosecutor is subpoenaing the company. In addition to this bad news, Moody's has put the debt of Citigroup, Bank of America and Wells Fargo

on credit watch. As a result, Citigroup

, Bank of America

, and J.P. Morgan

shares are down on this news. At last check, Goldman Sachs were off $2.11 to $134.11, a loss of 1.5%.