Exactly what was Goldman Sachs’ involvement in nationalizing Northern Rock?

Interesting that Goldman Sachs seems to be part of everything these days, including the nationalization of a big UK bank.  “The government and the financial regulators have refused to reveal information about the role investment bank Goldman Sachs played in nationalising Northern Rock, despite the taxpayer’s money that is being used to prop up the Newcastle-based bank. <snip>The Financial Services Authority, the City regulator, suggested that releasing such information could “have an adverse impact on the UK’s position as a major international financial centre, as well as on the economy of the north east where Northern Rock is based and is a major employer”.<snip>Alistair Darling, the chancellor, faced calls in the Commons yesterday for the advice given to the government on Northern Rock’s potential sale by its City adviser Goldman Sachs to be made public. The Treasury said it would not release the information to the Guardian because it intended to “publish this information” but gave no indication of when this might take place.” http://www.guardian.co.uk/business/2008/feb/19/northernrock.goldmansachs


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