'If Goldman Was A Political Candidate, It Would Be Out Of The Race'

The New York Times 'DealBook' column reports that a few months back Goldman Sachs arranged for Public Strategies, a Washington-based consulting firm, to undertaken some polling to find out what the American public thought of the firm.

Predictably, the results weren't encouraging - 49% of respondents are said to have had a negative view of the firm. The newspaper quotes one unnamed 'person involved in the process' who said: 'If Goldman was a political candidate, it would be out of the race'.

In the meantime, Bloomberg reports that Merrill Lynch has withdrawn a lawsuit against Deutsche Bank which claimed that the German firm violated non-compete agreements when it hired financial institutions banker Eric Heaton and his 12 man team in 2009. Bank of America spokesperson Shirley Norton confirmed that 'a confidential agreement has been reached between the parties'.

The news agency also reports that Weil Gotshal & Manges LLP, the lead lawyer firm working with bankrupt Lehman Brothers Holdings to wind up the estate, is charging up to $1,000 an hour for its lawyers. According to a regulatory filing, the law firm bagged $157.5m in fees from Lehman in the 17 months since the firm went belly-up. Nice.

And CBS News reports the US Justice Department is likely to confirm this week that it has concluded its 2-year investigation of AIG, and that no criminal charges are likely to be filed against firm employees or executives.

Finally, The Guardian reports that actor John Malkovich is seeking a $2.3m payout from Bernie Madoff's bankruptcy trustee. Malkovich apparently wants his $670,000 original investment back, together with the $1.63m in fictitious profits Bernie claimed to have made. Yeah, right.

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