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Just what the market needed was more bad news.
Goldman Sachs
GS 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
WFC on credit watch.
As a result, Citigroup
C, Bank of America
BAC, and J.P. Morgan
JPM shares are down on this news.
At last check, Goldman Sachs were off $2.11 to $134.11, a loss of 1.5%.
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