The war is ON between Wall Street Goliath Goldman Sachs and a blogger named Mike Morgan!
Last month Mr. Morgan, a registered investment adviser, started a blog called “Info, Comment, Opinions and Facts About Goldman Sachs.”
He point blank on the landing page of the blog explains,
“Born on March 26, 2009, this website is an open forum for facts and discussion about what part Goldman Sachs and their executives played in the current Global Economic Crisis. This site is NOT affiliated with Goldman Sachs, nor has this site been approved by Goldman Sachs. In fact, Goldman Sachs has threatened to file a lawsuit to shut down this website.”
But that is NOT enough for Goldman execs worried about someone shedding light on their shady business practices and their lavish bonuses!
The Telegraph UK reports that the bank has hired “Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.”
Mr. Morgan told the paper, “It’s just another example of how a bully like Goldman Sachs tries to throw their weight around.” He also mentioned that if Goldman does shut down the current site, he has “a number of other domain names registered.”
That’s pretty sweet. Planning ahead, unlike what GS didn’t do to avert this whole “recession thing!”
