Tomahawk, WI 8/05/2013 (Basicsmedia) – Goldman Sachs Group Inc (NYSE:GS) was founded in 1869. It has been one of the major financial giants in the entire world and at one point, more specifically in 2007, it reported revenue running into billions of dollars, $11 billion to be more exact. Its more than 26,000 full time employees are spread all over the world. It went into business to provide financial assistance to companies and institutions all over the world through issuing stocks and selling bonds. Foreign governments, cities and companies in financial turmoil were among its beneficiaries. Has it fully recovered from the 2008 financial crisis?


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GS got a reputation as one of the most aggressive investment banks of all the institutions which were found on Wall Street. It has always been very important to the U.S economy based on the role it played in financing companies, cities and foreign governments. However, it wasn’t immune to the financial crisis which would engulf not only the U.S but spread across the entire world. Its problems came to the fore when it was accused of short selling products which it was asking its clients to buy or invest in. GS was taken to court by SEC. In certain quarters, GS has been blamed fully for the financial recession of 2008.

Prior to the Great Recession of 2008, GS had always been viewed as one of the safest and most reliable financial institutions located anywhere in the world. It had a solid reputation which seemed to have been severely messed up when it started being cited for the role it played in triggering the recession. This is the reason why GS hasn’t won back the trust of many people to an extent where people would look for assurances first before deciding whether to use the bonds it offers. What I can say is that it is highly unlikely for GS to get blamed for anything as close to what it was responsible for in 2008.

Has GS Recovered Sufficiently to be Trusted?

Regardless of what anyone says, very few companies could have risen to stand on their feet once again after the kind of beating and public relations disaster GS suffered in the wake of accusations made against it to the effect that it was responsible for the 2008 Great Recession. Anyone who may have written GS off must be wondering if there is anything else which can kill this financial giant. Its profitability was one of the areas which suffered the most, thus leading to a situation where the investors were wondering whether to get out or stay put and see where the whole situation will end up.

As from 2011 to 2012, GS posted amazing revenue increase which must have left everyone surprised at the whole scenario. This is something which very few people could even have foreseen or predicted. It went further to post returns on equity which hit the double digits, and this was something which none of its competitors could even dream of. Therefore, to anyone wondering whether GS bonds can be relied on and trusted, I would definitely say yes.

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