Recent Goldman Sachs Refusal Reveals How Close Eurozone Is to Financial Crisis; Special Report by Leading Financial e-Letter Investment Contrarians
In a recent Investment Contrarians article, editor and financial expert Sasha Cekerevac reports that Goldman Sachs has rejected being underwriter in a $ 3.2-billion rights offering by Banco Popular Espanol, due to concerns of potential losses. (Source: “Goldman Turns Down Southern Europe Banks as Crisis Lingers,” Bloomberg, November 26, 2012.) As Cekerevac notes, if the eurozone was as strong as some politicians make it appear to be, Goldman Sachs would certainly not be turning away such a large amount of money to potentially be made. …
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