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It is an unfortunate thing that we live in a world where you are guilty until proven innocent in far too many cases. This is the burden that Goldman Sachs (GS) faces as it has been convicted in the court of public opinion. Not only has it been convicted, but the public does not actually care whether it is guilty or not. The public feels Goldman has done the nation wrong and must pay.On Tuesday, Lloyd Blankfein, CEO of Goldman Sachs, is testifying in front of the Senate Permanent Subcommittee on Investigations. He will try to put his best foot forward, and hopefully it will not end up in his mouth. Blankfein may be top dog at the company, but he would do himself a big favor if he stays cool, calm and collected -- and maybe before the day is up someone will throw him a bone.
The public may want Goldman Sachs to pay, but how much should you pay for the stock under these circumstances?
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