Goldman Sachs Omerta

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Todays DealB%k refers to a NYT Sunday Magazine interview of Abby Joseph Cohen. She of course works for Goldman Sachs (GS) as Chief strategist but does not speak publicly that much.

Deborah Soloman asked the question do you have a Facebook page. Abby Joseph Cohn responds no and then declares the law of omerta has been invoked at Goldman Sachs about Facebook. Dealbook quote “I don’t think we should talk about this. No one here is supposed to be talking about Facebook.”

So if the law of omerta has been invoked what is Goldman Sachs afraid of. usually when you score the big deal you get bragging rights. Look forward to the next Q report. how transparent will Goldman be in discussing earnings and or corporate governance issues relating to the Facebook deal. Lawsuits a brewing.

Disclosure” George Gutowski” writes from a “caveat emptor perspective”. I hold no positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours.