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Blankfein's Bonds Are Riskier Bet Than Pandit's

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SMALL VICTORIES FOR CITI
"Goldman Sachs Group Inc. bond yields show the firm’s credit is more hazardous than Citigroup Inc.’s for the first time since February 2009 as speculation grows that legal and regulatory risks will depress its revenue," Bloomberg reports. “No one’s attacking Citigroup over anything anymore, and everyone’s attacking Goldman Sachs over everything,” said Richard Bove, a banking analyst at Rochdale Securities in Lutz, Florida. “It logically tells you that Citigroup should have a lower spread to Treasury than Goldman Sachs does.”
SOURCE:   Bloomberg

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