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Friday, July 17, 2009

Goldman Sachs Caves in to Critical Blogger


In a surprising conclusion in what has been a real life David vs Goliath battle, Florida-based estate agent and investment adviser, Mike Morgan, will be allowed to keep his GoldmanSachs666.com site up and running.

The bank, which on Tuesday reported a 65pc rise in second-quarter profits to $3.4bn (£2.07bn), has backed down after earlier threatening to shut down the site, which is designed to discuss what Mr Morgan considers to be the the bank’s failings.

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