in_the_media

Financial Times - April 29, 2010

Media Outlet: 

Financial Times



Goldman Sachs came out of Tuesday's marathon hearing in Washington battered, bruised, but still standing. The refusal by Goldman officials to express regret for their actions in the lead-up to the financial crisis did not go down well with the audience packing the Senate room, nor with the public at large. Peter Huang, a law professor at Temple’s Beasley School of Law, said the hearing might end up helping the regulators because of the damage it inflicted on Goldman's image. "In terms of facts, this did very little, but in terms of public opinion and perception, it did not help Goldman."