Kid Dynamite submits:
So today's non-story that's been somehow turned into a story relates to a letter that Goldman Sachs sent to clients of its "Fundamental Strategies Group," which was published by Andrew Ross Sorkin on the NY Times' Dealbook. "Dear client,
The investment firm Goldman Sachs has told its wealthiest U.S. clients they can not invest in Facebook. The offer will be limited to clients outside the U.S. Goldman's decision to shut U-S investors out comes after concern that the deal was drawing scrutiny from the Securities and Exchange Commission. For more, host Melissa Block speaks to Andrew Ross Sorkin, a reporter and columnist with the New York Times.
By stepping into the spotlight even a little, Goldman appears to be embarking on a subtle campaign to repair its reputation. The bank's message is simple: Goldman cares about its clients and its community.