5. Goldman mishandled Facebook:

Goldman Sachs made a deal with Facebook early this year which was a worth of 50 million dollars. He wanted to make Facebook publicly traded company which is not yet the case. This transaction was made public because of leaking out some information to the media and Goldman was questioned by the U.S. securities for this mess-up. Because of all this Goldman withdrew the offer to its wealthiest U.S. clients to buy shares in Facebook. This was a ridiculous incident as it became the worst embarrassment for Goldman. He said in a statement that, “the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. laws.” Thus U.S. securities laws banned the ads and solicitations of stock offered in private placements. But this got contradicted by the public interest in Facebook.