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Goldman Is Expected to Report an End to a Profitable Run

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As Goldman Sachs is about to report its first quarterly loss since 1929 of $2 billion it finally ends its long profit making run. In a Bloomburg interview on December 14, Ace Greenberg an old investment bank hand at Bear Stearns, says the days of investment banks like Goldman Sachs are now past. The old model investment banks are gone.


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