The Latest Threat to Goldman's Brand
It's been a bruising few weeks for Goldman Sachs what with the tough questions about the role the firm played in the mortgage meltdown and subsequent bailout, and any special treatment it may have received from Washington officials like former Treasury Secretary Hank Paulson. But it looks like the firm's lawyers now have one more headache to deal with: the dude in Thailand who is selling unauthorized (and terribly chintzy) Goldman-branded "keychain watches" on Ebay for $9.95 a pop. "Makes a great gift for someone," reads the ad. It doesn't specify who this "someone" is. But if you're looking to give a friend at the firm a way to count down the minutes until his gigantic bonus shows up in his checking account, you probably should make a move before Goldman's lawyers do. [Ebay]