Reply #117: European politicians want governments to cut ties with Goldman

[Demeter]

Politicians in Britain and Germany are publicly calling for their governments to stop turning to Goldman Sachs for financial advice. U.K. Prime Minister Gordon Brown called Goldman morally bankrupt, while his electoral opponent Nick Clegg, a Liberal Democrat, wants the bank suspended as a government adviser. Frank Schaffler, a lawmaker from Germany's Free Democratic Party, said the country should stop doing business with Goldman until fraud accusations against the bank are resolved. The Wall Street Journal (21 Apr.)