Wall Street Roundup: Goldman I, II and III
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Gold: Trading now at $1,551 per ounce, up 0.5% from Friday. Dow Jones industrial average: Trading now at 12,132.79, down 0.1% from Friday.
Goldman I. Goldman Sachs is spreading the word that it is planning to fight back against a Senate report’s findings about its behavior during the financial crisis.
Goldman II. Goldman Sachs economists are apologizing for their bullish predictions on the U.S. economy last December, and shifting toward a more cautious outlook.
Goldman III. Goldman Sachs has finally been successful in finding a buyer for the mortgage-servicing business it bought during the financial crisis, and that has caused the bank little other than headaches.
Paulson’s rough patch. John Paulson, whose hedge funds made billions of dollars during the financial crisis, has struggled in recent months as his flagship fund has lost 7.6% since the beginning of the year.
-- Nathaniel Popper in New York