Goldman's conflicting roles trouble clients, critics

05/19/2010 | New York Times (tiered subscription model), The

Goldman Sachs' critics and some clients are raising concerns about the investment bank's conflicting roles. For example, before Washington Mutual collapsed, Goldman was betting against the Seattle-based bank while helping it feed the housing frenzy. Goldman has not been accused of doing anything illegal in the WaMu instance, but potential conflicts of interest inherent in its business model, and those of others on Wall Street, are at the center of several investigations.

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